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China grows at record pace in Jan-April, Q1 GDP clocks in 18.3%

Apr 16, 2021 11:37 IST | By Editorji News Desk

China’s Q1 GDP  jumped a record 18.3% in the Jan-April quarter vs 6.2% in the previous quarter. The rise is the highest since 1992 at least as per official data. The reading however was still a notch below the 19% markets were expecting.

The figures are inflated due to a very low base last year due the pandemic lockdown.In other economic data Industrial output rose 14.1% in March missing projection of 18%, while retail sales expanded 34.2% in March, beating expectations of a 28% gain