China’s GDP Growth Picks Up Pace Again

By Martin Armstrong

China’s economy appears to have shaken off the effects of the pandemic, posting growth of 4.5% in Q1 2023 and beating economists’ expectations. Speaking on the figures, China lead economist for Oxford Economics Louise Loo said: “The combination of a steady uptick in consumer confidence as well as the still-incomplete release of pent-up demand suggest to us that the consumer-led recovery still has room to run”.