2024-04-16 15:46:45
The British newspaper “Financial Times” says that the strong growth rate in China, in the first quarter of 2024, exceeded a poll of Reuters analysts who expected a rise of 4.6% and an expansion of 5.2% for the entire year in 2023.
-
Industrial production in China grew by 6.1% in the first quarter of 2024 compared to the previous year (AFP)
“Newspaper confirmed”Financial TimesThe British newspaper said on Tuesday that China’s gross domestic product rose by 5.3% in the first quarter of 2024, compared to the previous year, exceeding expectations, at a time when Beijing is trying to lead a recovery in manufacturing.
The strong growth rate, which exceeded a poll of analysts from Reuters who expected a 4.6% rise and 5.2% expansion for the full year in 2023, came in the wake of mixed economic data in recent weeks, according to the newspaper.
It stated that industrial production rose by 6.1% in the first quarter of this year compared to the previous year, while industrial producer prices fell by 2.7% as deflationary pressures continued to pressure the manufacturing sector.
Investment in fixed assets grew by 4.5% compared to last year in this quarter, supported by a 9.9% increase in investment in manufacturing industries, offset by a 9.5% decline in real estate investment, according to the Financial Times.
Read also: China will become the No. 1 economy by 2035
1713288230
#Exceeding #expectations. #Chinas #economy #grows