The Chinese mainland's economic growth in the first quarter of 2024 exceeded both market consensus and previous readings, hitting 5.3 percent year on year. This uptick signals a potential bottoming-out trend, bolstered by recent expansionary monetary and fiscal policies.
Economists view this robust growth as a positive indicator of the Chinese mainland's recovery, suggesting that continued policy support could sustain this upward trajectory in the coming months.
Reference(s):
cgtn.com
