China first-quarter GDP grew 4.5% year-on-year, above expectations

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China's economy grew at a faster-than-expected clip in the first quarter, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID curbs in December

Analysts polled by Reuters had expected gross domestic product to expand 4.0% from a year earlier, quickening from 2.9% in the fourth quarter.

On a quarter-by-quarter basis, GDP grew 2.2% in January-March, data released by the National Bureau of Statistics showed, compared with expectations for a 2.2% increase and a revised 0.6% rise in the previous quarter. Recent data suggest the economy is rebounding after disruptions caused by the sudden lifting of COVID-19 curbs in December, led by consumption, services and infrastructure, but easing inflation and surging bank savings are raising questions over the strength of domestic demand.

The government has set a modest target for economic growth of around 5% for this year, after badly missing the 2022 goal.

 

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If europe US and outher ocident countris weatdraw ther factories fromcthere and stop importations china will be insignificant economy

Who says China's economy has improved post-COVID? You believe any report China releases about itself? China lies about everything.

Countries with high GDP often get power hungry

LmaoGPT

I don’t trust any numbers coming out of China.

So amusing, Reuters promoting as usual propaganda by Chinese communist party. Only Reuters believes these figures. Why are the media of dictatorships Reuters?

Where does tjis leave all the USA propaganda against china?😂

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