China's first quarter GDP grew faster than expected despite the impact of Covid lockdowns in parts of the country in March.
First quarter GDP rose by 4.8%, topping expectations of a 4.4% increase from a year ago, data released by the National Bureau of Statistics Monday.
A traffic police officer prepares to check a truck at a service station near Shanghai, which has ordered tighter restrictions on travel in and out of the city as China battles its most severe Covid outbreak since the early days of the pandemic in 2020.BEIJING — China's first quarter GDP grew faster than expected despite the impact of Covid lockdowns in parts of the country in March, according to data released by the National Bureau of Statistics Monday.
However, retail sales in March fell by a more-than-expected 3.5% from a year earlier. Analysts polled by Reuters anticipated a 1.6% decline. Beginning in March, the country has struggled to contain its worst Covid outbreak since the initial phase of the pandemic in 2020. Back then, lockdowns across more than half the country resulted in a
"We must be aware that with the domestic and international environment becoming increasingly complicated and uncertain, the economic development is facing significant difficulties and challenges," the bureau said in a statement.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
China data to show sharp March deterioration as COVID bites, but solid Q1 growthChina is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year.
Les mer »
Asia Stocks Slip as Investors Look Ahead to China's First-Quarter GDPA slew of Chinese economic data, including the country’s first quarter GDP print and industrial production figures for March, are set to be out on Monday.
Les mer »
China’s GDP expands 4.8% YoY in Q1 2022 vs. 4.4% expected, AUD/USD uninspiredChina's annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3%
Les mer »
Giant pandas celebrate 50-year anniversary of U.S.-China programThe most famous residents of the National Zoo in Washington, D.C., celebrated half a century of panda diplomacy with China on Saturday, marking the milestone with a cake made from frozen fruits and vegetables.
Les mer »
Biden can’t keep China out of ‘Made in America’'Made in America' very often includes a nod to China in a failure of the Biden administration.
Les mer »
US lawmakers affirm Japan alliance eyeing China, North KoreaJapanese Prime Minister Fumio Kishida and visiting U.S. lawmakers have reaffirmed their commitment to working together under a longstanding alliance at a time of heightened global tensions and threats from China and North Korea.
Les mer »