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months of this year. these are the first set of quarterly gdp figures since the end of the country s strict covid poilcy in december. this boosted retail sales, which were up over 10% on this time last year. also a huge expansion in travel, with some 45 million air passengers taking trips last month. all of this has helped spark positivity from investors, with groups like citi upgrading their china growth forecast to 6.1% that s well over china s own targets. joining me now is rory green, chief china economist at consultants ts lombard. these numbers look strong. is it a short term bounce or was it more sustainable. it short-term bounce or was it more sustainable- sustainable. it is generally fairly sustainable sustainable. it is generally fairly sustainable for sustainable. it is generally fairly sustainable for the sustainable. it is generally fairly sustainable for the remainder i sustainable. it is generally fairly sustainable for the remainder of 2024. wha ....
This is partly because they set that target back in december last year. it was announced in march percent in december and that is when they didn t really know how the reopening with progress. there were a lot of concerns in beijing about this terrible virus microwave that could rip through china but it has gone very well, which is why we are seeing these gdp upgrades. the second part is they want a good growth number, but they don t want to chuck too much government money behind it, so again they are looking to the consumer to drive most of the growth and probably looking to start pulling back on some of the stimulus that has come through. it is a conservative target reflecting caution around covid last year, but also an unwillingness to go all out to boost growth like they have done in previous years. in to boost growth like they have done in previous years. ....