People cross a street during morning rush hour in front of the skyline of the central business district (CBD) in Beijing, China December 15, 2020.
REUTERS/Thomas PeterBEIJING (Reuters) - China’s economic recovery beat analyst expectations in the fourth quarter, expanding 6.5% from a year earlier, data from the National Bureau of Statistics showed on Monday.
The gross domestic product (GDP) growth was faster than the 6.1% forecast by economists in a Reuters poll, and followed 4.9% growth in the third quarter.
GDP grew 2.3% in 2020, the data showed, making China the only major economy in the world to avoid a contraction last year as many nations struggled to contain the COVID-19 pandemic.
On a quarter-on-quarter basis, GDP rose 2.6% in October-December, the bureau said, compared with expectations for a 3.2% rise and a revised 3.0 gain in the previous quarter.
Thomas Peter BEIJING
REUTERS, National Bureau, Statistics