China's economy grew at a faster-than-expected clip in the first quarter, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID curbs in December
Analysts polled by Reuters had expected gross domestic product to expand 4.0% from a year earlier, quickening from 2.9% in the fourth quarter.
On a quarter-by-quarter basis, GDP grew 2.2% in January-March, data released by the National Bureau of Statistics showed, compared with expectations for a 2.2% increase and a revised 0.6% rise in the previous quarter. Recent data suggest the economy is rebounding after disruptions caused by the sudden lifting of COVID-19 curbs in December, led by consumption, services and infrastructure, but easing inflation and surging bank savings are raising questions over the strength of domestic demand.
The government has set a modest target for economic growth of around 5% for this year, after badly missing the 2022 goal.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China's GDP recovery likely picked up in Q1 on end to COVID curbsChina's gross domestic product likely gathered pace in the first quarter, data is expected to show on Tuesday, as the end of strict COVID curbs lifted the world's second-largest economy out of a crippling pandemic slump, although some headwinds persist.
Baca lebih lajut »
WTI crude oil bulls retreat towards $82.00 amid economic fears, China Q1 GDP, US PMIs eyedWTI crude oil approaches intraday low, down 0.33% on a day around $82.30 by the press time, as energy buyers run out of steam after a four-week uptren
Baca lebih lajut »
How data on China's GDP will affect oil markets this weekMonday’s reading of China's gross domestic product, along with industrial production...
Baca lebih lajut »
Forex Today: US Dollar strengthens further, RBA minutes and China’s GDP nextTuesday will be a busy day in terms of economic data in an overall light week. Early, the Reserve Bank of Australia will release the minutes of its la
Baca lebih lajut »
AUD/USD remains sideways around 0.6700 ahead of RBA minutes and China’s GDPThe AUD/USD pair has continued its sideways auction in the early Asian session around 0.6700. The Aussie asset remained lackluster on Monday despite a
Baca lebih lajut »
AUD/JPY maintains business above 90.00 ahead of RBA minutes, China GDP eyedThe AUD/JPY pair is making efforts in keeping its auction above the round-level resistance of 90.00 in the early Tokyo session. The risk barometer is
Baca lebih lajut »