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China’s economic growth came in higher than predicted at 5.3% for the first quarter, suggesting an improving economic climate

China’s economic growth came in higher than predicted at 5.3% for the first quarter, suggesting an improving economic climate

China’s economic performance in the first quarter of 2024 surpassed expectations, with GDP growth reaching 5.3%. This positive momentum puts the country on track to achieve its annual target of around 5% growth, despite ongoing headwinds. Economists polled by Wind had previously predicted a more modest increase of 4.9%. This stronger-than-anticipated performance underscores a pick-up in economic activity. Notably, growth...

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