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China's first-quarter economy grows by 4.5% as recovery accelerates

2023-04-19 09:13:32       source:CGTN

April 18, 2023

China's gross domestic product (GDP) expanded 4.5 percent year on year in the first quarter of 2023 as economic activities gain traction, data from the National Bureau of Statistics (NBS) showed on Tuesday.

"We are seeing an accelerating recovery in all sectors with stronger momentum, including the improving domestic demand," said Pang Ming, chief economist and director of Research at JLL Greater China.

The growth rate was higher than analysts' expectation of 4 percent in a Reuters poll.

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