China First-Quarter GDP Grows 5.3%, Beating Estimates

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China's first-quarter GDP grew by 5.3%, surpassing expectations. However, March retail sales and industrial output fell short of estimates. Home sales continued to decline due to poor sentiment. China's stocks and yuan weakened. The Guoyuan Port Container Terminal in Chongqing is pictured. China's March industrial output rose by 4.5% year-on-year, lower than the estimated 6%.

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https://www.bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data