economy
Through Waves of Change and Constants
China's GDP grew by 5.0 percent in the first quarter compared to the same period last year, reaching the upper limit of the expected annual growth target range of 4.5 to 5 percent, placing China among the leading major world economies. In the first year of the "15th Five-Year Plan" period, the Chinese economy, despite "storms and tempests," continued to advance steadily and delivered a first-quarter result that exceeded expectations, once again confirming the resilience of a major economy.
TL;DR
- China's GDP grew by 5.0% in the first quarter compared to the same period last year.
- This growth reached the upper limit of the expected annual growth target range of 4.5% to 5%.
- The performance places China among the leading major world economies.
- The Chinese economy advanced steadily in the first year of the "15th Five-Year Plan."
- The first-quarter results exceeded expectations, confirming the resilience of a major economy.