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China’s GDP beats expectations in Q1 2023

by ChemOrbis Editorial Team -
  • 18/04/2023 (11:46)
Official data showed that China’s first-quarter GDP grew 4.5% year-on-year, following a 2.9% growth in previous quarter.

The growth was above analysts’ expectations for a 4% increase for the world’s second biggest economy.

In March, industrial output rose by 3.9% and retail sales rose by 10.6%, beating expectations of 7.4% increase.

Fixed asset investment rose by 5.1% year-on-year, slightly below the expectations of a 5.7% increase, and was down from 5.5% a month earlier.
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