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China’s Economy Rebounds on Back of Increased Trade

by Cobus van Staden
A Financial Times graph plotting newly released first quarter growth figures against Beijing's official targets. While still below the official target, the Chinese economy seems to be bouncing back.

China’s economy rebounded in the first quarter of this year, with gross domestic product growing by 4.5%, exceeding expectations.

A recovery in retail spending and real estate prices has added to growth, according to new economic figures released on Monday. The 4.5% growth rate still falls short of the Chinese government’s target of 5%, largely due to the ongoing effects of COVID-related shutdowns.

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