China’s Q1 GDP beats expectations on surging industrial production
But the recovery may not prove durable, economists warn
China’s first-quarter GDP grew at 6.4% from a year earlier, slightly higher than economists’ expectations of 6.3%, but questions marks still hang over the recovery.
The upbeat growth figure was supported by a sharp jump in industrial output, which surged 8.5% in March from a year earlier, the highest level in more than four years, data released by the National Bureau of Statistics today (April 17) showed.
China’s stimulus measures since late 2018 and the improving monetary policy transmission
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