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China's Q1 GDP growth surpassed expectations, data shows

Posted on AllSides April 16th, 2024
From The Right

China's economy grew faster than expected in the first quarter, data showed on Tuesday, offering some relief to officials amid efforts to maintain growth. The government has released its fiscal and monetary policy measures in an effort to meet its 2024 GDP growth target of around 5%, which analysts have described as an ambitious goal, noting that last year's growth rate of 5.2% was likely boosted by a rebound from 2022 – which faced limitations because of COVID-19. GDP grew 5.3% in January-March year over year, according to data released...

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