ISTANBUL: The Chinese economy has expanded by 5.3% year-on-year in the first quarter of 2024, official figures from National Bureau of Statistics of China showed on Tuesday.
The country’s gross domestic product was at 29.6 trillion yuan ($4 trillion) in the January-March period, the bureau stated.
Quarter-on-quarter, the Chinese economy has also expanded by 1.6% in the January-March period.
The total added value of industrial enterprises grew by 6.1% year-on-year in the three-month period.
In the first quarter, the value of services went up by 5% versus the same period last year.
The total value of imports and exports of goods was 10.16 trillion yuan ($1.4 trillion), raising by 5% year on year.
Source: Anadolu Agency