Macro policies: People go about daily business as an electronic board shows China’s first-quarter GDP and previous quarters’ economic data in Shanghai. Retail sales are up by 4.6% in the quarter, versus the 4% growth in the first two months. — Reuters
BEIJING: China’s gross domestic product (GDP) expands to 5.4% year-on-year in the first quarter, the same pace as the previous quarter, official data shows, posting a steady recovery despite headwinds and mounting uncertainties.
The country’s GDP grew to 31.88 trillion yuan (US$4.35 trillion) in the first quarter, according to the National Bureau of Statistics (NBS).
