Without China trade the Australian economy would be an economic cesspit ... China GDP expands 18.3% in Q1 as export revival drives industry

Squire

Active member
The Chinese economy seems to be set for a high growth rate which will drag the cesspit Australian economy up with it.

The Chinese economy is also fueling growth in the US economy as US exports of Chinese imports are growing to record highs as the US-China trade deficit grows to record levels.

Generally, high import growth is a portent of GDP growth.


https://asia.nikkei.com/Economy/Chi...pub_date=20210416111500&seq_num=2&si=02105006

China GDP expands 18.3% in Q1 as export revival drives industry
HEFEI, China -- Soaring exports helped China's gross domestic product grow 18.3% in the first quarter of 2021, rebounding from the 6.8% contraction in the same period last year at the start of the coronavirus pandemic, government data show.

The figure released Friday by the National Bureau of Statistics topped the median 17.9% estimate by 32 economists in a Nikkei poll. China's GDP growth for January-March followed a 6.5% gain in the final quarter of 2020.
 
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