China Q1 GDP slows to 7 per cent, more easing expected
Add BT as a preferred source
Beijing
CHINA'S economy grew 7 per cent in the first quarter, and this slowest quarterly growth in five years has put pressure on Beijing to ease its monetary policy further.
The figure, slightly above analysts' expectations, is in line with the government's forecast of annual gross domestic product (GDP) growth of "about 7 per cent". In the previous quarter, the Chinese economy grew 7.3 per cent; for the whole of last year, the figure was 7.4 per cent, as the country faced headwinds in its real estate sector, high corporate debt levels and an inefficient and over-capacitated industrial sector.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
