China's Q1 GDP grows at record pace as recovery speeds up

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05/13/2021 | 01:15am EDT

(Reuters) -China's economic recovery quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.

Gross domestic product (GDP) jumped a record 18.3% in the first quarter from a year earlier, official data showed on Friday, slower than the 19% forecast by economists in a Reuters poll, and following 6.5% growth in the fourth quarter last year.

China's Q1 GDP grows at record pace as recovery speeds up

China's economic recovery quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support...

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China industrial output rises 14.1% y/y in March, retail sales jump 34.2%
Reuters | Beijing | Updated: 13-05-2021 10:47 IST | Created: 13-05-2021 10:43 IST

China's industrial output grew 14.1% in March year-on-year, slowing from a 35.1% surge in the January-February period, while retail sales rose at a solid pace, official data showed on Friday.

The output figure lagged a 17.2% on-year rise forecast by analysts in a Reuters poll. Retail sales increased 34.2% year-on-year in March, beating a 28.0% gain expected by analysts and stronger than the 33.8% jump seen in the first two months of the year.

Fixed asset investment surged 25.6% in the first three months from the same period a year earlier, versus a forecast 25.0% increase, and slowing from January-February's 35% rise.

China industrial output rises 14.1% y/y in March, retail sales jump 34.2% | Business

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