China’s first-quarter GDP growth stable, but demand remains weak in March
April 16, 2024
China’s economy grew faster than expected in the first quarter, data released on Tuesday showed, providing some relief to officials trying to support growth amid prolonged weakness in the property sector and rising debt levels of local governments.
However, a number of March indicators released alongside the GDP data, including housing investment, retail sales and industrial production, showed that domestic demand remains weak, dampening overall momentum.
