[cityhantam]

https://www.cnbc.com/2023/04/18/china-ec...-2023.html

China’s economy grew 4.5% in the first quarter, the fastest pace in a year


China’s growth has been under the spotlight as it reopens after ending most of its strict Covid restrictions that were in place for nearly three years.

GDP grew by 4.5% in the first quarter, China’s National Bureau of Statistics said Tuesday.

That was higher than the 4% forecast in a Reuters poll of economists and marks the highest growth since the first quarter of last year. Quarter-on-quarter, the economy grew 2.2%.

China’s first-quarter gross domestic product rose sharply while global peers face slowing growth as central banks hike rates to tame inflation.

GDP grew by 4.5% in the first quarter, China’s National Bureau of Statistics said Tuesday. That marks the highest growth since the first quarter of last year — when China’s economy grew by 4.8% — and better than the 4% forecast in a Reuters poll. Quarter-on-quarter, the economy grew 2.2%.
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