China’s economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened.
According to official data, gross domestic product (GDP) expanded by 5.3% in the first three months of 2024, compared to a year earlier.
That beat expectations the world’s second largest economy could see growth slow to 4.6% in the first quarter.
Last month, Beijing set an ambitious annual growth target for world’s second largest economy of “around 5%”.
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