In the first quarter, under the strong leadership of the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of seeking progress while maintaining stability, promoting stability through progress and establishing the new before abolishing the old, intensified efforts on macro regulation, gave priority to ensuring stability in expectations, growth and employment, and continued to push ahead with transforming the ... (full story)

China’s economy grew 5.3% in the first quarter compared to a year ago, faster than the 4.6% growth expected by economists polled by Reuters. Data released Tuesday by China’s National Bureau of Statistics showed that gross domestic product in the January to March period was higher compared to the 5.2% seen in the fourth quarter of 2023. On a quarter-on-quarter basis, China’s GDP grew 1.6% in the first quarter, compared to a Reuters poll expectations of 1.4% and a revised fourth quarter expansion of 1.2%. Beijing has set a 2024 growth target of around 5%. Last week, Morgan Stanley raised its 2024 real GDP forecast for ... (full story)