China's GDP expands 5.3% in Q1
China News
April 17, 2024
China's National Bureau of Statistics revealed a 5.3% expansion in the country's GDP during the first quarter compared to the same period last year, indicating continued economic recovery. Quarter-on-quarter, the economy saw a 1.6% growth in the first three months of the year, showing steady momentum compared to the previous quarter. Additionally, retail sales in March increased by 3.1 percent year-on-year, slightly lower than the combined growth of 5.5% in January and February.