China's economy logged a moderate growth in the first quarter amid the COVID-19 pandemic restrictions hitting consumption and heightened geopolitical risks, data from the National Bureau of Statistics revealed on Monday.
Gross domestic product grew at a pace of 4.8 percent on a yearly basis in the first quarter, faster than the 4.4 percent growth expected by economists and the 4.0 percent expansion registered in the previous quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.