The Chinese economy increased by 5.4 percent year -on -year in the first quarter

Beijing. China’s gross domestic product (GDP) in the first quarter of this year increased by 1.2 percent compared to the previous quarter, then by 5.4 percent year -on -year.

According to news agencies, the Chinese Statistical Office informed about this. While the first figure lagged behind the expectations of analysts, year -on -year growth of their estimates overcame their estimates.

China is currently struggling with fundamental problems for the export of its goods because of the trade war with the United States that has unleashed high duties booted US President Donald Trump.

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According to AFP, Beijing described international economic conditions as « more complex and harder » than in the past. China also concluded that it would need a « more proactive macroeconomic policy ».

At the performance of the Chinese economy from January to March, Trump’s duties have not yet fully manifested, as Washington began to introduce the first of them in March.

Analysts estimated that China’s GDP will rise by 5.1 percent year -on -year, but it maintained the growth rate from the last three months of last year and surpassed an estimate of three tenths of the percentage point. On the contrary, growth compared to the previous quarter expected 1.4 percent, while the reality was two tenths of the point lower.