China’s economy is off to a roaring start in 2024! Official data reveals a 5.3% year-on-year GDP surge in Q1, outperforming market predictions. 🎯 ANZ economist Raymond Yeung called the results a ‘positive surprise,’ highlighting stabilized economic conditions and stronger consumer confidence. 💼🛍️
‘This growth signals China’s resilience,’ Yeung told CGTN, pointing to renewed spending power among households. Analysts say the rebound could fuel global markets, especially in tech and green energy sectors. 🌱💡
With inflation easing and policy reforms gaining traction, China’s economy might just be the dark horse of 2024. Stay tuned for more updates! 🌏✨
Reference(s):
ANZ Economist: China's Q1 growth surpasses previous forecast
cgtn.com