China GDP: city in eastern Anhui province facing ‘win or die’ situation after economy failed to grow in 2021

Source: China – South China Morning PostA city of just over 3 million people in China’s eastern province of Anhui is facing a “win or die” situation after the former fishing village reported no economic growth in 2021 despite a strong push to transform its economy.Bengbu city had set a gross domestic product (GDP) growth target of 8.5 per cent last year compared to the national goal of “around 6 per cent.”But while China posted a full-year growth rate of 8.1 per cent, Bengbu’s economy did not grow last year as its retail sales, fixed…Read More

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