China Q4 Overview & Annual Summary: China’s economic growth returns to pre-COVID levels

On the 18th of January, the Chinese government published the quarterly economic data for the fourth quarter of 2020, which concludes the economic year of 2020. After the first quarterly decrease of GDP in Q1 since 1978, and the subsequent recovery of the Chinese economy Q2 and Q3, the economic data showed a continued trend of recovery with an increase in year-on-year GDP by 6.5% for Q4 of 2020.