China's GDP Expands by 4.8% In Q1 Amid Recent Resurgence of The Pandemic

China's GDP Expands by 4.8% In Q1 Amid Recent Resurgence of The Pandemic 

China's gross domestic product (GDP) have recently expanded 4.8 percent year on year in the first quarter (Q1) of 2022, despite disruptions caused by the resurgence of COVID-19 cases and uncertainties in the international environment, the National Bureau of Statistics (NBS) said on Monday. 

The figure breaks the record of 4.4 percent and 4.3 percent forcasted by Reuters and Bloomberg economists, respectively.

Industrial output overall went up 6.5 percent year on year in Q1. It rose 5 percent in March, compared with a 7.5-percent increase in the first two months of the year. Policies to strengthen supply chain security and tech innovation supported the strong performance in manufacturing investment. It is expected that the manufacturing investment to maintain high growth throughout the year.

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