China

China’s GDP expands 4.5 pct year on year in Q1

China’s GDP expands 4.5 pct year on year in Q1
China’s GDP expands 4.5 pct year on year in Q1

BEIJING, April 18 (Xinhua) -- China’s gross domestic product grew 4.5 percent year on year in the first quarter of 2023, data from the National Bureau of Statistics (NBS) showed Tuesday.

On a quarterly basis, the economy increased 2.2 percent in the first three months.

"China’s national economy made a good start this year, and market expectation saw significant improvement," said NBS spokesperson Fu Linghui at a press conference.

China’s GDP grew 3 percent year on year in 2022, and 2.9 percent year on year in the fourth quarter of last year.

 

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.