Chinas economy grew by 5.4 percent in the first quarter of this year, overtaking expectations, underpinned by strong intake, industrial output and exports, according to information launched by the National Bureau of Statistics (NBS) on Wednesday.The GDP development beat analysts expectations, surpassing Reuters growth projection of 5.1 percent and Bloombergs 5.2 percent.
The economy had a great start in the January-March quarter, stated Sheng Laiyun, deputy head of the NBS.Both consumption and industrial output indicated unanticipated momentum in March.
Retail sales rose by 5.9 percent last month versus a year earlier, beating the average projection of 4.2 percent.
Commercial output increased 7.7 percent, also going beyond estimates.Chinas exports grew much faster in the first three months, with a year-on-year boost of 6.9 percent.
NBSs Sheng said the rapid growth in exports in spite of the increase in tariffs and trade constraints because February demonstrated Chinas resilience.CGTN examined essential financial figures from the NBS in the following graphic.