China’s economy grew 5.3% in the first quarter, beating expectations

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 economy expands faster than expected

China's economy grew 5.3 per cent in the first quarter, offering relief to officials grappling with protracted weakness in the nation's property sector.

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,…