FirstFT: China’s economy grew by forecast-beating 5.3% in first quarter
==========
China's economy grew by 5.3% in the first quarter, beating forecasts. The growth rate indicates a strong recovery from the impact of the COVID-19 pandemic. The data was released by China's National Bureau of Statistics. The country's industrial output also increased by 24.5% in March compared to the same period last year. China's retail sales rose by 34.2% in March, exceeding expectations. The strong economic performance is attributed to increased domestic consumption and a rebound in exports. The IMF predicts that the US will grow at double the rate of its G7 peers this year. The Biden administration is expected to unveil a $1.5 trillion infrastructure plan this week. The plan aims to boost economic growth and create jobs. The US Federal Reserve has indicated that it will maintain its accommodative monetary policy to support the economic recovery. However, concerns about inflation and rising bond yields persist. The global financial system faces overlooked threats, including cyberattacks, climate change, and geopolitical tensions. Israel is calling for tightened sanctions on Iran following an attack on an Israeli-owned ship. Israel is considering its options for a military strike against Iran. The situation poses a dilemma for the Biden administration, which is seeking to revive the Iran nuclear deal. The article is from the Financial Times.
https://www.ft.com/content/11a72bc3-75c8-44d7-87de-973b0d795a3b
Financial Times /
npub1ey5…tq7p
2024-04-17 00:42:39
Author Public Key
npub1ey55s7y4px7nuw9qq987mhc2lm8qp30xvyrkgqk9p626n78zfcxqw0tq7pPublished at
2024-04-17 00:42:39Event JSON
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"content": "FirstFT: China’s economy grew by forecast-beating 5.3% in first quarter\n==========\n\nChina's economy grew by 5.3% in the first quarter, beating forecasts. The growth rate indicates a strong recovery from the impact of the COVID-19 pandemic. The data was released by China's National Bureau of Statistics. The country's industrial output also increased by 24.5% in March compared to the same period last year. China's retail sales rose by 34.2% in March, exceeding expectations. The strong economic performance is attributed to increased domestic consumption and a rebound in exports. The IMF predicts that the US will grow at double the rate of its G7 peers this year. The Biden administration is expected to unveil a $1.5 trillion infrastructure plan this week. The plan aims to boost economic growth and create jobs. The US Federal Reserve has indicated that it will maintain its accommodative monetary policy to support the economic recovery. However, concerns about inflation and rising bond yields persist. The global financial system faces overlooked threats, including cyberattacks, climate change, and geopolitical tensions. Israel is calling for tightened sanctions on Iran following an attack on an Israeli-owned ship. Israel is considering its options for a military strike against Iran. The situation poses a dilemma for the Biden administration, which is seeking to revive the Iran nuclear deal. The article is from the Financial Times.\n\n\n\nhttps://www.ft.com/content/11a72bc3-75c8-44d7-87de-973b0d795a3b",
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