Brian Turner
18 Apr, 2022
New York City
China's economy expanded at 4.8% in the first quarter from a year ago and rose 1.3% sequentially, according to the National Bureau of Statistics. Fixed assets investment increased 9.3% from a year ago and Shanghai lockdown in March most likely shaved off 0.4% to 0.5% from the GDP growth data. Industrial production growth slowed to 5% from 7.5% increase in two months to February. Retail sales declined 3.5% reversing 6.7% gain in the prior two-month period. National urban unemployment rate increased to 5.8% in March from 5.5% in February.
