A record to beat!
Editorial China posted an all-time record with growth of 18.3% YoY in Q1 2021. Admittedly, this figure is largely explained by the base effect linked to the downturn in activity a year ago, when the stunned world discovered the ravages of COVID on economic activity. However, despite the stimulation of consumption on the demand side and robust industrial activity, Chinese GDP is currently struggling to return to its pre-crisis growth rate.