China’s economy grew 5.3% in Q1

BEIJING: China’s economy grew far more than expected in the first quarter (Q1) of 2024, data showed on Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer spending. Beijing has set a target of around 5-percent growth for the year, a goal officials last month admitted would “not be easy” and […]

T Kauer T Kauer
Apr 17, 2024 - 03:31
China’s economy grew 5.3% in Q1

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BEIJING: China’s economy grew far more than expected in the first quarter (Q1) of 2024, data showed on Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer spending.

Beijing has set a target of around 5-percent growth for the year, a goal officials last month admitted would “not be easy” and which analysts said was ambitious given the headwinds the country is confronting.

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