China's economy manages to grow in 2020

China's economy has kept up a speedy recovery from the pandemic.

New data shows its GDP expanded 6.5% in the fourth quarter of 2020 - beating expectations.

Overall, GDP was up 2.3% for the year, making it the only major economy to have avoided a contraction in 2020.

The figures highlight a rapid turnaround for China after its economy declined in early 2020 for the first time in more than four decades.

The rebound has been fuelled by a resilient export sector with coronavirus disruptions leading to an increased demand for Chinese goods.

China's vast manufacturing sector has also continued to gain momentum,

with industrial output rising more than seven percent last month compared to year ago.

However, fears of a resurgence of Covid-19 has hit consumer confidence.

China reported more than 100 new cases for the sixth consecutive day on Sunday.

Some analysts are warning that the new outbreak could impact economic activity during the Lunar New Year holidays.

China's 2020 GDP growth was also the weakest pace in more than four decades.