Current location:Worldly Wisdom news portal > politics
China's GDP grew 5.3% in Q1, beating expectations
Worldly Wisdom news portal2024-05-22 10:50:14【politics】9People have gathered around
IntroductionHONG KONG (AP) — China’s economy in the first quarter beat expectations while receiving a boost from
HONG KONG (AP) — China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday.
The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, official data show. Compared to the previous quarter, growth was up 1.6%.
China’s economy has struggled to bounce back from the COVID-19 pandemic, with a slowdown in demand and a property crisis weighing on its growth.
The better-than-expected economy data came days after China reported a decline in import and export figures for March as well as a slowdown in inflation following months of deflationary pressures.
Industrial output for the first quarter was up 6.1% compared to the same time last year, and retail sales grew at an annual pace of 4.7%. Fixed investment for Q1 grew 4.5% compared to the same period a year ago.
Address of this article:http://philippines.spaceforanything.com/content-06b699901.html
Very good!(1793)
Related articles
- Germany and Real Madrid great Toni Kroos to retire after Euro 2024
- Joe Lycett reveals he has a new girlfriend on Channel 4 show as comedian talks about his sexuality
- China's procuratorates, supervisory organs enhance linking mechanism to improve case handling
- Xi: Advance cause pioneered by Mao
- Victims of UK's infected blood scandal to receive final compensation payments
- Chinese lawmakers meet to deliberate reports
- Chinese premier stresses nurturing new drivers for high
- China's top political advisor calls for boosting patriotic united front at National Day reception
- French Olympic fencer Thibus says she has been cleared of any wrongdoing after abnormal doping test
- China to take multiple measures to upgrade basic education: minister
Popular articles
Recommended
Australia's deputy prime minister pledges support to Solomon Islands during visit to Honiara
Dallas doctor convicted of tampering with IV bags linked to coworker's death
China regulates terrorist cases handling procedures in accordance with law: white paper
Food quality, safety underscored in China's new draft law
Syrian first lady Asma Assad diagnosed with leukemia, president's office says
Former president of Bank of China expelled from CPC
Xi calls for letting internet better benefit people of all countries
Leaders highlight goals, tasks in talks
Links
- 'Killer' father is seen 'crying' without shedding tears as court hears how he tortured six
- Final proof Biden's America is utterly adrift, ignored
- Number of complaints about doctors subjecting Jewish colleagues to anti
- Revealed: It costs £42,000 to support a child through 3 years of university
- Number of complaints about doctors subjecting Jewish colleagues to anti
- US says Rafah offensive would jeopardize cease
- Real Madrid 2
- Air Vanuatu cancels flights and considers bankruptcy protection
- UK's little
- Fresh health warning over ultra