China’s economy grew 5.3% in very first quarter, beating expectations
HONG KONG-- China's economy grew faster than anticipated in the very first quarter of the year with aid from policies and more powerful need, though indications of weak point in the struggling real estate market continued. The world's second-largest economy broadened at a 5.3% yearly rate in January-March, beating experts' projections of about 4.8%, information launched Tuesday revealed. Compared to the previous quarter, the economy grew 1.6%.China's economy has actually had a hard time to recuperate from the COVID-19 pandemic however acquired momentum late in 2015 as federal government policies to assist the real estate market and increase financial investment worked. Tuesday's better-than-expected information came days after China reported its exports sank 7.5% in March compared to the y...