INSUBCONTINENT EXCLUSIVE:
quarter, compared to a Reuters poll expectations of 1.4% and a revised fourth quarter expansion of 1.2%
Beijing has set a 2024 growth target of around 5%.Growth was driven in part by external demand, as export volume grew by 14% year on year,
said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management.The strong first quarter growth will make the government
dollar at 7.1028, weaker than the 7.0979 on Monday, which indicates the government may be willing to tolerate more flexibility in the
slightly, before retreating from its five-month high seen early Tuesday to trade at 7.2724 against the greenback.Industrial output for March
grew 4.5% year on year, missing expectations of 6%
Retail sales grew 3.1% year on year, lower than expectations of 4.6%.The weaker-than-expected growth of industrial output in March is
equipment investment, as well as product renewal and replacement could continue to provide a temporary boost to domestic demand and keep the
of increases.Last week, Morgan Stanley raised its 2024 real GDP forecast for China to 4.8%, from its previous expectation of 4.2%.The
year on year in the first quarter.Floor space of new commercial buildings sold was 226.68 million square meters, plunging 19.4% year on year
During the first three months of the year, former property giants Evergrande was ordered to liquidate and Country Garden Holdings faced a
