China’s economy expanded by 5.3% in the first quarter of the year, surpassing market expectations of 4.6%. This growth provides a strong start toward the government’s annual target of approximately 5%, supported largely by the manufacturing sector and increased fixed asset investments. However, data from March suggests a loss of momentum, with retail sales and industrial output falling short of forecasts. The property sector remains a significant drag on the economy, as real estate investment continues to decline despite broader growth.
- China’s first-quarter GDP grew by 5.3% year-on-year, beating the 4.6% expansion predicted by analysts.
- Industrial production increased by 4.5% in March, which was lower than the 6% growth forecast.
- Retail sales rose by 3.1% in March, missing the anticipated growth of 4.6%.
- Fixed asset investment grew by 4.5% in the first three months of the year, exceeding the 4.1% projection.
- Investment in the property sector fell by 9.5% year-on-year, indicating continued weakness in real estate.
- The nationwide surveyed urban unemployment rate decreased slightly to 5.2% in March, down from 5.3% in February.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
Original video here.
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😂😂😂😂😂😂😂 lies
Fake news where did this figure come out from ? 😂😂😂
Who still believe china numbers 😂😂😂😂😂… And CNA making a video about it, hilarious😅
Expect trolls, bot networks to spread misinformation, cast doubt on established facts, and manipulate social discourse.
Hehe…
China has a terrible track record with its rates and figures!
Great China! Here in the USA we are celebrating the Highest stock market ever and higher tomorrow! Oil/ barrel $86
They always come out number they made up
China will rule the world …world will be maoist…
When you put suspects in separate rooms and they have different answers, you immediately know they're lying right?
Everybody in China: We grew by 5%
Look, let 'em celebrate their little growth spurt. No need to be a sour grape about it—fair is fair, right? If this actually helps the average person over there catch a break from the grind during these crazy times, then honestly, that’s a win. I get it if you’re not a fan of their government, but at the end of the day, they’re just regular folks like you and me, trying to pay the bills and live their lives.
That said, I’ve got zero patience for these bots cluttering up the comments and shoving Chinese propaganda down everyone's throats. And that goes for the 'other side' too. 😂😂