China’s economy is off to a good and steady start, expanding by a better-than-expected 5.4% in Q1, maintaining a solid momentum, building on a recovery that began in late 2024, thanks to a broad policy stimulus efforts.
Retail sales in March rose by 5.9% year on year, according to data from National Statistics Bureau, sharply beating analysts’ estimates for a 4.2% growth. Industrial output expanded by 7.7% from a year earlier, versus median estimates of 5.8%.
Fixed asset investment grew 4.2% in Q1. However, the drag from real estate worsened within fixed asset investment, down by 9.9% for the year so far as of March, while infrastructure and manufacturing investment picked up pace.
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