China’s economy grew by 4.8 per cent in the first quarter of 2022 compared with a year earlier, up from the 4 per cent growth seen in the fourth quarter, data released on Monday showed.
People can be seen wearing masks as protective measure against the Covid-19 outbreak in Beijing. China s recovery has been led by export strength as factories raced to fill overseas orders and a steady pickup in consumption. (Representative image)
BEIJING: China s economic recovery quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.
Gross domestic product (GDP) jumped a record 18.3% in the first quarter from a year earlier, official data showed on Friday, slower than the 19% forecast by economists in a Reuters poll, and following 6.5% growth in the fourth quarter last year.
Updated Apr 16, 2021 | 18:57 IST
The GDP of the world s second-largest economy grew by 2.3 per cent expanding to USD 15.42 trillion in 2020 China s GDP surges to record 18.3% in Q1 | Photo Credit: AFP
China s economy grew a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base in early 2020 when COVID-19 stalled the world s second-largest economy, according to statistics released on Friday.
The gross domestic product (GDP) reached 24.93 trillion yuan (about USD 3.82 trillion) in Q1, data released by the National Bureau of Statistics (NBS) said. This is the highest quarterly growth rate since China first began publishing GDP data in 1993.
China s Q1 GDP growth hits 19% on demand recovery, policy support
While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started, according to the median forecasts of 47 economists polled by Reuters
Reuters | April 15, 2021 | Updated 14:45 IST
China s economy likely grew at record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and as policy support for ailing smaller firms continued, a Reuters poll showed. While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started, according to the median forecasts of 47 economists polled by Reuters.