China’s GDP grows 5.3% in the first quarter of 2024 | CNN Business

Hong Kong CNN  — 

China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory activity.

Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate of 4.6% growth from a Reuters poll of economists. It also accelerated from the 5.2% growth in the previous three months.

Last month, an official survey showed China’s manufacturing purchasing manager’s index (PMI) expanded for the first time in six months. The Caixin/S&P manufacturing PMI also hit its

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