China economy grows 4.8% in first quarter as virus bites

Middle East
18-04-2022 | 00:42
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
China economy grows 4.8% in first quarter as virus bites
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
China economy grows 4.8% in first quarter as virus bites
China's economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of "significant challenges" ahead as a resurgence of the coronavirus threatens Beijing's ambitious annual target.
 
The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and regulatory crackdowns.
 
But Beijing's unrelenting zero-Covid approach to outbreaks in multiple cities this year has clogged supply chains and locked down tens of millions of people, including in the economic dynamos of Shanghai and Shenzhen as well as the northeastern grain basket of Jilin.
 
China's gross domestic product growth was 4.8 percent on-year in the first quarter, said the NBS on Monday, a figure that beat analysts' expectations and up on 4.0 percent in the final months of 2021.
 
 

Breaking Headlines

China

Economy

Grow

Coronavirus

Chinese

Beijing

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More