China's Q4 GDP grows 6.5% y-o-y, beats expectations as recovery gains pace

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.

The world's second-largest economy staged a strong comeback last year from the coronavirus-triggered paralysis, fuelled by a surprisingly resilient