19 Mins Ago
China’s economy grew 5.3% in the first quarter, beating expectations
China’s economy grew 5.3% in the first quarter compared with a year ago, faster than the 4.6% growth expected by economists polled by Reuters.
Data released by China’s National Bureau of Statistics showed that gross domestic product in the January to March period was higher than the 5.2% growth for the fourth quarter. On a quarter-on-quarter basis, China’s GDP grew 1.6% in the first quarter.
Beijing has set a 2024 growth target of around 5%.
—Lim Hui Jie
28 Mins Ago
