China's GDP rises 4.5% in Q1 - Breaking The News

China's GDP rises 4.5% in Q1

18 April

1 min read

EPA-EFE/ALEX PLAVEVSKI

The gross domestic product (GDP) of China rose by 4.5% year-on-year in the first quarter of 2023, according to a preliminary report released by the country's National Bureau of Statistics (NBS) on Tuesday.

The data showed goods and services produced by Beijing surprised investors' expectations with the value-added of the primary industry landing at 1.16 trillion yuan, increasing 3.7% on an annual basis, while the secondary industry rose by 3.3% to reach 10.79 trillion yuan, as the tertiary industry went up by 5.4% to 16.54 trillion yuan.

The GDP increased by 2.2% over the quarter.

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