China’s Q1 GDP Rises Sharply, Beating Expectations, as Government Stimulus and Reopening Boost Economy
China’s gross domestic product (GDP) grew by 4.5% in the first quarter of 2023, marking the highest growth rate since the first quarter of 2022, when it grew by 4.8%.
Keen China spotters will this week have been surprised by the government’s postponement of its growth figures for the Chinese economy. Scheduled for publication on the 18th of October, third-quarter GDP data has been delayed indefinitely, as rumors of a financial crisis circulate. The unusual move follows disappointing year-on-year growth of 0.4% in the second […]