Chinese economy sustains recovery momentum, makes notable progress in Q1

XinhuaNet

Summary

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In January-March this year, China's gross domestic product (GDP) grew 5.3 percent year on year to 29.63 trillion yuan (about 4.17 trillion U.S. dollars), while fixed-asset investment and investment in high-tech industries climbed 4.5 percent and 11.4 percent, respectively.
XinhuaNet
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A number of foreign banks and institutions have upgraded forecasts for China's GDP growth for 2024 after the economy expanded by an impressive 5.3 percent in the first quarter, well above market expectations.
Global Times China
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The pace accelerated from 5.2 per cent overall GDP growth for 2023, appearing on course to meet the target set by the government at around five per cent.
The Telegraph India
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BEIJING: Property investment in China in the first quarter slid 9.5 per cent from a year earlier, compared with a 9.0 per cent fall in the January-February period, suggesting the sector has some way to go before a solid turnaround is likely to emerge.
CNA

■ Story #2585 ▪

issue 88:88 ▪

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updated 88:88

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