China Surpasses Q1 Economic Growth Expectations
Quick Overview: Q1 2024 GDP growth hit 5.3%, surpassing expectations; Industrial production rose by 6.1%, but retail lagged with only a 3.1% rise; Investment divergence was seen between state-owned (up 7.8%) and private sectors (up 0.5%); The property market struggles continue, with investment down by 9.5%; Consumer inflation fell, easing cost pressures on households. China’s …