China’s GDP expanded by 4.5% in the first quarter of the year compared to the year earlier, as the lifting of tough Covid-19 controls and Beijing’s supportive policies helped to rekindle growth
Retail sales rose more than 10% in March, topping expectations and hinting at increased consumer confidenceSINGAPORE—China’s economy accelerated in the first three months of the year, pointing toward a robust recovery from three years of strict pandemic policies that had held back the world’s second-largest economy.
China’s gross domestic product expanded by 4.5% in the first quarter of the year compared with the year earlier, the country’s National Bureau of Statistics said Tuesday, as the lifting of three years of tough Covid-19 controls and Beijing’s supportive policies helped to rekindle growth.
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