China's Economy Rebounds in First Quarter, Beating Expectations
- China’s economy grew 4.5% in the first quarter, the fastest pace in a year according to government data.
- Retail sales and industrial output increased in March, indicating a recovery in consumption and production.
- However, investment growth was weaker than expected, highlighting the unevenness of the rebound.
- Analysts raised their forecasts for China’s full-year growth but warned challenges remain.
- Policymakers pledged further measures to support growth, focusing on boosting consumption and job creation.
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