An employee works on a smart machinery assembly line at a factory on March 31, 2024 in Qingzhou, Weifang City, Shandong Province, China.
Vcg | China Visual Group | beautiful images
China's economy grew 5.3% in the first quarter from a year ago, faster than the 4.6% growth expected by economists polled by Reuters.
Data from China's National Bureau of Statistics showed gross domestic product in the January-March period was higher than the 5.2% seen in the fourth quarter of 2023.
Compared to the previous quarter, China's GDP grew 1.6%, compared with Reuters poll expectations of 1.4% and fourth-quarter growth of 1%.
Beijing has posed Growth target in 2024 is about 5%.
Last week, Morgan Stanley raised its forecast for China's 2024 real GDP to 4.8%, from a previous expectation of 4.2%.
The world's second largest economy weakened export And inflation data earlier this month, with both data sets coming in below expectations.
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