could be restored, and if a global downswing would undermine China’s upward momentum.
Official figures released on April 18th should help allay some of that scepticism. China’s GDP grew by 4.5% in the first three months of this year, compared with the same period in 2022. That does not sound particularly impressive by China’s standards. But to get there, the economy first had to climb out of the hole created by thein Shanghai and elsewhere last spring .
More detailed, monthly figures clarified the shape of the recovery. Retail sales grew by double-digits year-on-year in March, before adjusting for inflation. Catering, which was hard hit by pandemic-era restrictions, grew by over 26%. Exports held up better than expected, at least for now. Property sales were strong in China’s big cities, but not elsewhere, suggesting that China’s national housing slump is becoming a more local malaise.
If china and chinese can be satisfied with 3% or so real growth rate, the future is bright for everyone. if they do not, still try their best to reach 6% or so real growth rate. Disasters for everyone will come. for a country with shrinking population, 6% is crazy
Seems like you can't trust their published numbers
Back 2000’s years, the Western media already calls this China collapse. Don't worry, the “collapse” keeps growing up. Imperialist’s media public humiliation.
Are they real though?
Based on figures from China that are inherently untrustworthy.
Mind your owns and pls stop Yellen keep calling CCP and it seems kinda of embarrassing
China's a mess. Wonder if you mentioned the brain drain going on, not to mention money getting siphoned out by 'elites'. Demographics have crashed, foreigners leaving in droves, FDI flight, saber-rattling at a sovereign democracy, and just being the bad flat-mate of the world
May ? No way, they’ve taking too long to collapse, hurry up, can’t wait.
More China lies tbh.
The endeavor of the west needs to be manufacturing for themselves and bringing about the downfall of the ccp.
Awesome
Ha!!!!!! The numbers put out by the CCP? Really? Anyone believe a word they say? Until a audit like free countries ,everyone in the world know this is financial bullshit.
Or is their data flawed?
The true china GDP is the number announced multiplying 0.65, so the true china 2022 GDP ought to be US$ 11.1 (=17*0.65) trillion.
what a beautiful straight-line trend-line!
Geopolitical factors may play a bigger role in most economies unless we can get this whole war nonsense toned down a few octaves.
Everyone knowns the Chinese data is made up. Even the Chinese know it is made up. And here is the kicker, the CCP knowns that we know it is all made up.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live news: China hopes to shake off sluggish growth as markets brace for GDP data\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. As long as it adds up.
Source: FT - 🏆 113. / 51 Read more »
China’s economy: five takeaways from first-quarter GDP data\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Source: FT - 🏆 113. / 51 Read more »
Source: TheRegister - 🏆 67. / 61 Read more »