China Q1 GDP grew 4.5% year-on-year, above expectations
newscatcher
2023-04-18 03:30
China Q1 GDP grew 4.5% year-on-year, above expectations
BEIJING – China's economy grew at a faster than expected clip in the first quarter, official data showed on Tuesday, expanding 4.5 percent year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4 percent from a year earlier, quickening from 2.9 percent in the fourth quarter. On a quarter-by-quarter basis, GDP grew 2.2 percent in January-March, data released by the National Bureau of Statistics showed, compared with expectations for a 2.

https://business.inquirer.net/396418/china-q1-gdp-grew-4-5-year-on-year-above-expectations

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