Five takeaways from China's first-quarter GDP data
Financial Times: Retail surge and strong exports drive growth but recovery uneven.
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Financial Times: Retail surge and strong exports drive growth but recovery uneven.
China's growth has been under the spotlight as it reopens after ending most of its strict Covid restrictions that were in place for nearly three years.
Gross domestic product grew 4.5% year on year in the first three months of 2023. Read more at straitstimes.com.
China's economy grew a forecast-busting 4.5 percent in the first quarter as the country reopened after the end of zero-Covid measures late last year, official data showed Tuesday.
China's economy rebounded at a faster than expected pace in the first quarter on robust consumption and industrial production, thanks to the lifting of zero-Covid policy.