China's economy grew 5.3% in Q1

By Agence France-Presse

Apr 17, 2024 12:32 am

BEIJING: China's economy grew far more than expected in the first quarter (Q1) of 2024, data showed on Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer spending.

Beijing has set a target of around 5-percent growth for the year, a goal officials last month admitted would 'not be easy' and which analysts said was ambitious given the headwinds the country is confronting.

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