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China’s Economy Grew 5.3% in the First Quarter, Beating Expectations

China’s economy grew 5.3% in the first quarter compared to a year ago, faster than the 4.6% growth expected by economists polled by Reuters.Data from China’s National Bureau of Statistics showed that gross domestic product in the January to March period was higher compared to the 5.2% seen in the fourth quarter of 2023.On a quarter-on-quarter basis, China’s GDP grew 1.6%, compared to the Reuters poll expectations of 1.4% and the fourth quarter’s expansion of 1%.Beijing has set a 2024 growth targ
China’s Economy Grew 5.3% in the First Quarter, Beating Expectations

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