The Chinese government's report for the first quarter of 2024 was a mixed bag of cause for optimism and systemic issues that continue to drag on economic growth.Newsweek charts based on the latest data from China's National Statistics Bureau illustrate three key bellwethers of the world's second-largest economy.GDPAccording to the new data, China's gross domestic product (GDP) expanded by 5.3 percent year over year, slightly higher than Q4 2023 and beating many economists' expectations.Though...
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled housing market persisted. The world’s second-largest economy expanded at a 5.3 per cent annual pace in January-March, beating analysts’ forecasts of about 4.8 per cent, data released on […]
Official figures also highlighted the challenges faced by the country's crisis-hit property sector.
Unless the Biden administration takes action, China Shock 2.0 will cause more harm to the U.S. economy than the last one.
Emergency workers send food and materials to city of Shaoguan, where large areas are flooded and landslides have been reported, while more than 60,000 people have been relocated from their homes in the city of Qingyuan.
HONG KONG (AP) — China’s economy beat expectations in the first quarter of the year with help from policies and an increase in demand. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%. Compared to the previous quarter, growth was up 1.6%. China’s economy has struggled
China's economy grew 5.3% in first quarter, beating expectations
By ZEN SOO AP Business Writer HONG KONG (AP) — China’s economy expanded at a faster than expected pace in the first three months of the year, helped by policies aimed at stimulating growth and stronger demand, the government said Tuesday. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’
China’s economy beat expectations in the first quarter of the year with help from policies and an increase in demand
On a quarter-on-quarter basis, China's GDP grew 1.6% in the first quarter, compared to a Reuters poll expectations of 1.4%.
Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.
Semiconductors have emerged as a key battleground between the U.S. and Russia and the growing Cold War between the U.S. and ChinaThe chips are imperative for almost every type of technology out there today. But while American tech companies design the world's most advanced chips, none are actually made in the U.S. Almost all of them come from Taiwan. Commerce Secretary Gina Raimondo, 52, said the market failed to get it right in the case of semiconductors. Almost all of America's advanced chips...