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China's GDP in 2021 expands 8.1%, closely matching market expectations Updated: 2022-01-17 17:31:58 KST

China has reported economic growth of eight percent last year, slightly above the market's expectations.
But it saw a slowdown for the third straight quarter.
According to China's National Bureau of Statistics on Monday, China's economy further slowed in the final quarter to 4 percent.
While the country started off 2021 strongly with a staggering 18 percent growth in Q1 based on robust exports, the growth momentum faded throughout the year.
Experts say the Chinese economy was dragged down by a weaker property market amid fallout from the Evergrande crisis, as Beijing tightened its grip on debt in the property sector.
Strict COVID-19 measures, surging prices of raw materials, and global supply bottlenecks also put a strain on China's growth engine.
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