Key facts
- China's GDP grew 5.3% year-on-year in Q1 2024.
- Industrial production increased by 6.0% in March.
- Retail sales grew by 4.7% in March.
- Fixed asset investment rose by 4.5% in Q1.
- The property sector continues to face significant headwinds.
China's economic performance is closely watched globally as the world's second-largest economy. The Q1 data provides insight into the effectiveness of recent stimulus measures and the resilience of its industrial sector amidst global economic uncertainties and domestic property market challenges.