China's economy grew 5.3% in the first quarter, beating expectations
Publishing timestamp: 2024-04-15 23:55:20
Summary
China's GDP grew faster than expected in the first quarter, driven by external demand. Industrial output and retail sales missed expectations. The government may be willing to tolerate a weaker currency to boost exports. Unemployment in major cities decreased, but the real estate sector continues to show weakness. Despite the faster-than-expected growth, there are concerns about the unbalanced pace of the economy and muted domestic demand.
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