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Al Jazeera

Business

China’s economy beats expectations, growing 5.3 percent in first quarter

Economy China Xi Jinping NBS

China is investing heavily in infrastructure as part of its efforts to boost the economy [Ng Han Guan/AP]

China’s economy grew faster than expected in the first three months of the year, a boost for policymakers grappling with a property-sector crisis, weak consumer demand and mounting government debt.

Gross domestic product (GDP) grew by 5.3 percent in the first quarter, data released by the National Bureau of Statistics (NBS) showed on Tuesday, comfortably above forecasts and up from a 5.2 percent expansion in the previous quarter.

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