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.
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91 Articles


China’s economy grew 5.3% in first quarter, but property sector remains obstacle to recovery
By Peter Catterall China’s economy expanded far more than expected in the first quarter of 2024, data showed Tuesday, but disappointing retail and industrial figures suggested leaders face severe headwinds to hit their annual growth target. A China National Day patriotic gathering in Tsim Sha Tsui on Sunday, October 1, 2023. Photo: Kyle Lam/HKFP. Beijing has set a goal of around five percent for 2024, which officials have already admitted will “…
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.
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,…
China's economy grew 5.3 percent in the first quarter, data from China's statistics bureau shows. That topped estimates by analysts who had counted on gross domestic product (GDP) growth of 4.6 percent. However, a number of other economic data for March (real estate investment, retail sales, industrial production) show that domestic demand remains weak, slowing overall momentum, Reuters reported.
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