China’s economy continues its strong recovery.
China’s economy is roaring back with strong growth rates reported for the first quarter of 2023.
According to the National Bureau of Statistics, China’s gross domestic product grew by 4.5% during the first three months of the year compared with the same period last year. The positive numbers were partly driven by a surge in consumption as COVID-19 restrictions eased.
Joining the discussion:
- John Gong is a professor of economics at the University of International Business and Economics in Beijing.
- Yan Liang is the Endowed Chair of Economics at Willamette University.
- Otaviano Canuto is a former vice-president of the World Bank, he is now a Senior Fellow for the Policy Center for the New South.
- Ryan Patel is a global business executive and Senior Fellow with the Drucker School of Management at Claremont Graduate University.
Asia stocks on guard for earnings, China economy surprises https://t.co/UuJK8ZjCqI pic.twitter.com/6Qs9mcSUif
— Reuters (@Reuters) April 17, 2023
The country's National Bureau of Statistics (NBS) reported an annual expansion of 4.5% between January and March https://t.co/LfRBChe02N
— Sky News (@SkyNews) April 18, 2023