China started 2023 on positive ground with quarterly growth of 2.2% compared to the last quarter of last year, according to figures from its official statistics institute.
China’s economy grew at a faster-than-expected pace in the first quarter, as the end of Covid-19 restrictions lifted businesses and consumers out of the crippling disruptions caused by the pandemic, even as headwinds from the global slowdown They point to a path full of obstacles.
The Gross Domestic Product (GDP) in China grew 4.5% annually in the first three months of the year, data from the National Bureau of Statistics showed, up from 2.9% in the previous quarter and beating analysts’ forecasts for a 4 percent expansion.
