China’s Q1 GDP grows 5.3% y/y, well above forecast
China’s economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts’ expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 4.6% from … Read more
