Schrijf je in voor onze dagelijkse nieuwsbrief om al het laatste nieuws direct per e-mail te ontvangen!

Inschrijven Ik ben al ingeschreven

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

China's economy surpassed expectations in the first quarter

China's economy surpassed expectations in the first quarter with a 5.3% GDP growth, offering relief amid challenges in the property sector and local government debt. However, March indicators revealed fragile domestic demand, hindering overall momentum.

The government aims for around 5% GDP growth in 2024, implementing fiscal and monetary policies to support it. While industrial production remained strong, weak March data and cautious consumer spending raise concerns. Quarter-on-quarter, GDP grew 1.6%, exceeding forecasts. Analysts see the robust first-quarter growth as pivotal for achieving China's annual growth target.

Source: Reuters


Photo: Dreamstime.

Publication date: