Following the economic shock in 2020 due to the coronavirus disease (COVID-19), the People’s Republic of China recovered quickly. However, the country’s gross domestic product growth slowed in the second half of 2021, dragged by weak real estate and infrastructure investment. Economic growth is expected to remain weak in the first half of 2022. This calls for more policy support and economic stimulus, aligned with long-term growth and climate-related objectives.

This was first posted on ADB.