China's first-quarter economic growth surpasses forecasts
Beijing, April 16 (Hibya) - China's economy grew 5.4% in the first quarter, surpassing analysts' expectations. Other important economic data also exceeded forecasts, and stimulus measures showed they were effective in supporting the world's second-largest economy. However, the economic outlook remains uncertain.
China's Gross Domestic Product (GDP) grew 5.4% year-on-year in the first quarter, surpassing analysts' expectations of 5.1% and marking the strongest pace in a year and a half. However, the economic outlook remains uncertain due to increasing pressures from Trump's tariffs.
The National Bureau of Statistics (NBS) of China stated, "With the continuous implementation and effectiveness of various macroeconomic policies, the national economy started the year steadily and with a good beginning."
However, the NBS also emphasized the upcoming challenges:
"While the current external environment is becoming increasingly complex and challenging, effective domestic demand is lacking sufficient momentum. The foundations of continued economic recovery and improvement still need to be strengthened."
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