China’s first quarter GDP beats expectations, rises by 4.8%
The country’s economy, though, slowed down in March due to Covid-19 lockdowns
By Shubhangi Mathur
Published - Apr 19, 2022, 12:42 AM ET
Last Updated - Feb 22, 2024, 01:07 PM EST
China’s GDP grew in the first quarter of the year at a faster rate than expected despite lockdowns imposed in many parts of the country in March.
The gross domestic product of the country rose by 4.8% in the first quarter, said China’s National Bureau of Statistics on Monday, compared to expectations of 4.6% by economists polled by The Wall Street Journal.
China’s economy, though, slowed down in March as the country experiences its worst Covid-19 outbreak since the initial phase of the pandemic in 2020.
Sector-wise growth
