China’s GDP Expands 4.7 Percent In First Quarter
China’s economy got off to a steady start in the first quarter of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at home.
20 Apr 2022 05:20
The Yangpu international container port at Yangpu economic development zone in south China’s Hainan
Province. Photo: Xinhua
China’s economy got off to a steady start in the first quarter of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at home.
The country’s gross domestic product grew 4.8 percent year on year in the first three months, picking up pace from a four per cent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed Monday.
The economy posted a stable performance with continued recovery as China balanced the epidemic control and economic and social development, NBS spokesperson Fu Linghui said at a press conference.
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