Chinese economy grew 4.8% Q1 2023, expected to reach annual goal of 5%, but analysts express concern over rebound fragility.
The Chinese economy grew 4.8% in Q1 2023 vs. a year earlier, with GDP expected to meet the government's annual goal of around 5%. Analysts are concerned about the fragility of the rebound, potentially driven more by external factors than domestic spending. Key indicators to gauge sustainability include industrial production, power production, property market stabilization, and nominal GDP.
April 15, 2024
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