The gross domestic product in China, the second largest economy in the world, recorded a growth of about 4.8% in the first quarter of this year, according to data released this morning, Monday, April 18, by the National Bureau of Statistics, compared to a growth of about 4% in the fourth quarter of last year, better than Market expectations, which indicated a growth of about 4.4%.
On the other hand, retail sales declined by 3.5% in March on an annual basis, compared to a growth of about 6.8% in February, which came worse than expectations that it had indicated a decline to 3.5%.
And Chinese industrial production recorded a growth of about 5% in March on an annual basis, better than expectations, which was at 4%, and compared to 7.5% in March of last year, after the Chinese authorities announced their support for companies affected by the rise in commodity prices.
On the other hand, unemployment rates rose to 5.8% in March from 5.5%, while Beijing plans to add more than 11 million jobs this year (2.85 million opportunities were added in the first quarter).
02/11/2024
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
