In the Corona period, the world GDP is down and negative here, China has recorded GDP growth of 18%. These really shocking figures have come to the fore. China has recorded this growth in the March month. The reason for this is due to high demand in export and local market and this growth has come with the support of small businessmen.
However, this increase also seems to be a result of the base effect. Like other countries, China also imposed lockdown in some of its cities. As a result, GDP declined by 6. 8% in March from January last year.
Last year, due to Corona, there was a huge decline in China’s gdp. Not only China but also the big countries of the world and India’s GDP had seen a decline. India’s GDP had fallen by 23%. In December last year, India’s GDP grew by 0.4%, but this is very small in front of China’s GDP growth.
Fast growing GDP
The data provided by China’s government has the fastest growing GDP so far. This is the fastest growth rate out of GDP recorded since 1992. Let me tell you that in December last year, China’s GDP grew at 6.8%.