China’s economy grew 5.3% in the first quarter, beating expectations
- The gross domestic product rose by 5.3% in the first quarter compared to a year ago, as per the National Bureau of Statistics.
- The 5.3% increase also showed a faster pace compared to the previous quarter's 5.2% growth.
- This growth exceeded economists' expectations, surpassing the estimated 4.6% from a Reuters poll.
91 Articles
91 Articles
China's economy grows 5.3% in first quarter, surpassing expectations
China's economic growth picked up slightly in the first quarter driven by strong performances from the export, manufacturing and services sectors, according to provisional figures published Tuesday.
The volume of the Chinese economy for January-March reached 29.6 trillion yuan (about 4.2 trillion US dollars).
China sets its annual GDP growth target at five percent.
China's economic output rose unexpectedly sharply in the first quarter of 2024. Gross domestic product (GDP) rose by 5.3 percent.
China's Economy Grew 5.3% From January To March, Beating Expectations
China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity. Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting. For January-March, gross domestic product rose 5.3 percent,…
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