ADB forecasts that China's economic growth rate will reach 8.1% in 2021

China's economic growth rate is expected to reach 8.1% in 2021, which is in line with the bank's forecast in April.

Driven by industrial production, exports and trade in services, China's economy will maintain a growth trend, the report said. The report predicts that China's economic growth rate will reach 5.5% in 2022.

According to the report, although COVID-19 is still the biggest challenge facing regional development in 2021, the developing economies in the Asia Pacific region will see an economic recovery. The economic growth rate is expected to reach 7.2%, which is 0.1 percentage points lower than previously expected.

The report predicts that the economic growth of East Asia and South Asia will be ahead of other regions in 2021, with growth rates of 7.5% and 8.9% respectively. The growth rate is 4.0% in Southeast Asia, 3.6% in Central Asia and 0.3% in the Pacific.

The Asian Development Bank is a multilateral development bank focusing on the development of the Asia Pacific region. It was founded in 1966 and is headquartered in Manila, the capital of the Philippines《 Asia development outlook is the annual flagship economic report of ADB, which forecasts the economic development of the Asia Pacific region.

(original title: ADB predicts that China's economic growth rate will reach 8.1% in 2021)