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Chinese Economy’s Strong Start to 2024 Is Already Fading..

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  • GDP grew at above-forecast 5.3% pace in first quarter
  • But other data leave economists saying more stimulus needed

China reported faster-than-expected economic growth in the first quarter – along with some numbers that suggest things are set to get tougher in the rest of the year.

Gross domestic product climbed 5.3% in the period, accelerating slightly from the previous quarter and beating estimates. But much of the bounce came in the first two months of the year. In March, growth in retail sales slumped and industrial output fell short of forecasts, suggesting challenges on the horizon.

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