Report: China’s Economy Achieves Strong Growth in Q1 2024

Beijing, The Chinese economy has grown powerfully in the Q1 of 2024, anticipating an annual growth of GDP by nearly 4.8 percent, Bank of China confirmed in a report on Monday. The global demand is increasing, and the international trade is rising, the report emphasized, indicating that this will help rebound the Chinese exports, noting that the fundamental momentum of economic growth was strengthened, internally in China with the consumption performing better than anticipated, accelerating investment in manufacturing and production has steadily recovered. The GDP in China is projected to reach 5.1 percent in Q2 of 2024, with the financial policy dramatically undergirding the economy through utilizing a wide combination of policy tools to help maintain a high growth rate in infrastructure investment, according to the report. Source: Qatar News Agency