China has set its gross domestic product (GDP) growth target for 2022 at “around 5.5 per cent”. Photo: EPA-EFE
China has set its gross domestic product (GDP) growth target for 2022 at “around 5.5 per cent”. Photo: EPA-EFE
China GDP

China GDP: economy grew, but ‘more pain will come’ as coronavirus, lockdown pressures weigh on outlook

  • China’s economy grew by 4.8 per cent in the first quarter of 2022 compared with a year earlier, up from the 4 per cent growth seen in the fourth quarter of last year
  • Retail sales fell by 3.5 per cent in March from a year earlier, while industrial production grew by 5 per cent last month and the surveyed jobless rate rose to 5.8 per cent

China has set its gross domestic product (GDP) growth target for 2022 at “around 5.5 per cent”. Photo: EPA-EFE
China has set its gross domestic product (GDP) growth target for 2022 at “around 5.5 per cent”. Photo: EPA-EFE
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