{"id":13882,"date":"2023-04-18T02:27:47","date_gmt":"2023-04-18T02:27:47","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/china-q1-gdp-grew\/"},"modified":"2023-04-18T02:29:34","modified_gmt":"2023-04-18T02:29:34","slug":"china-q1-gdp-grew","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/china-q1-gdp-grew\/","title":{"rendered":"China Q1 GDP grew 4.5% year-on-year, above expectations"},"content":{"rendered":"

BEIJING (Reuters) – China’s economy grew at a faster than expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December.<\/p>\n

Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4.0% from a year earlier, quickening from 2.9% in the fourth quarter.<\/p>\n

On a quarter-by-quarter basis, GDP grew 2.2% in January-March, data released by the National Bureau of Statistics showed, compared with expectations for a 2.2% increase and a revised 0.6% rise in the previous quarter.<\/p>\n

Recent data suggest the economy is rebounding after disruptions caused by the sudden lifting of COVID-19 curbs in December, led by consumption, services and infrastructure, but easing inflation and surging bank savings are raising questions over the strength of domestic demand. <\/p>\n

The government has set a modest target for economic growth of around 5% for this year, after badly missing the 2022 goal.<\/p>\n

\n

(Reporting by Kevin Yao and Joe Cash; Editing by Shri Navaratnam)<\/p>\n

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BEIJING (Reuters) – China’s economy grew at a faster than expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4.0% from a year […]<\/p>\n","protected":false},"author":8,"featured_media":13883,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-13882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3H01N-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=13882"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13882\/revisions"}],"predecessor-version":[{"id":13891,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/13882\/revisions\/13891"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/13883"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=13882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=13882"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=13882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}