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15.07.2024
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China's GDP growth rate in the first quarter reached 4.5%

346817861727985China's economic growth rate in January - March was 4.5%.

This was reported on Tuesday by the State Statistical Office (GSO) of the People's Republic of China.
As specified in the report distributed at the press conference of the department, the volume of Chinese GDP in three months reached 28.49 trillion yuan (approximately $ 4.14 trillion at the current exchange rate).
According to the published document, the agricultural sector of the People's Republic of China increased by 3.7%, to 1.15 trillion yuan (about $ 168 billion), industry - by 3.3%, to 10.79 trillion yuan ($1.57 trillion), the service sector - by 5.4%, to 16.54 trillion yuan ($2.4 trillion).
According to the GSU, the country's GDP growth rate in 2021 was the highest in the last 10 years, reaching 8.4%. However, due to the impact of negative factors, primarily the pandemic, in 2022 the dynamics amounted to 3%, writes TASS.