China's GDP expands 4.8 pct in Q1

Apr 20, 2022 12:58:27 AM
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China's GDP expands 4.8 pct in Q1

(Xinhua) 10:27, April 18, 2022

China

Aerial photo taken on Dec. 5, 2021 shows the sunrise scenery of the Yangpu international container port at Yangpu economic development zone in south China's Hainan Province. (Xinhua/Pu Xiaoxu)

BEIJING, April 18 (Xinhua) -- China's economy got off to a steady start in the first quarter of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at home.

The country's gross domestic product grew 4.8 percent year on year in the first three months, picking up pace from a 4-percent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed Monday.

The economy posted a stable performance with continued recovery as China balanced the epidemic control and economic and social development, NBS spokesperson Fu Linghui said at a press conference.

Related:

China's fixed-asset investment expands 9.3 pct in Q1

China's retail sales up 3.3 pct in Q1

China's industrial output up 6.5 pct in first quarter

China's property investment up 0.7 pct in Q1

(Web editor: Peng Yukai, Liang Jun)

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