Is China's growth momentum here to stay? Yes, at least according to its Q1 GDP data.
As explained by Chief Strategist Jimmy Zhu in his recent CGTN report, the following data further support China's recovery into the second quarter:
📈 Chinese economy jumped 18.3% in Q1
📊 Retail sales and industrial production grew by 34.2% and 14% respectively in March
⬇️ Its fiscal deficit target was lowered to 3.2% of GDP this year, from 3.6% in 2020
Check out the full report!