Chinese economy grows 5.3% in first quarter, hits $4T
The Chinese economy expanded by 5.3% in the first quarter of 2024 compared to the same period last year, according to data released Tuesday by the National Bureau of Statistics of China.
![Chinese economy grows 5.3% in first quarter, hits $4T](/Archive/2024/4/16/2135182/kapak_113455.jpg)
The country’s gross domestic product (GDP) reached 29.6 trillion yuan ($4 trillion) from January through March. Additionally, the economy saw a quarter-on-quarter increase of 1.6%.
Industrial enterprises contributed significantly, with a 6.1% year-on-year increase in added value during the three-month period. The services sector also showed robust growth, with a 5% rise compared to the first quarter of the previous year.
The total value of imports and exports reached 10.16 trillion yuan ($1.4 trillion), marking a 5% increase year-on-year.
Most Read News
-
Turkish Red Crescent sells tents to AHBAP
-
Karşıyaka fans canceled transfer announced 1 day before
-
Child labor today: A former child worker’s perspective
-
Science and religion: Two separate worlds (2)
-
The government shelters under Arab imperialism
-
The TRC scandal: The second act—Selling aid as well
-
Act III of TRC's tent sale scandal
-
Where's the blanket money?
-
Red Cross and Red Crescent denied the €3.5 million...
-
Record-breaking: Fenerbahçe announces En Nesyri's fee