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China’s post-COVID economy rebounds but challenges remain

Michael Smith
Michael SmithHealth editor
Updated

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Tokyo | China posted better-than-expected GDP growth in the first quarter, which Beijing said confirmed efforts to reboot the economy post-COVID restrictions are working, but some economists fear the momentum cannot be sustained.

A rebound in consumer spending and factory activity towards the end of the March quarter underpinned the 4.5 per cent increase in year-on-year GDP. The figure was higher than economists’ forecasts for growth of 4 per cent and puts Beijing on track to hit its annual target of about 5.5 per cent.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/world/asia/china-s-post-pandemic-recovery-in-top-gear-but-fears-it-may-not-last-20230418-p5d1ar