China's GDP rises by 4.8% YoY in Q1 2022

On a quarter-on-quarter basis, the country’s GDP grew by 1.3 per cent in Q1, NBS was quoted as saying by official Chinese media.

The country's value-added industrial output grew by 6.5 per cent on a yearly basis in Q1, with the March reading jumping by 5 per cent year on year, NBS data showed.

Retail sales grew by 3.3 per cent to 10.87 trillion yuan in Q1 from the same period last year. The surveyed urban jobless rate came in at 5.8 per cent in March, up from 5.5 per cent in February, it said.

The bureau cautioned about challenges and mounting uncertainties at home and abroad, saying more efforts will be made to step up macroeconomic policy support, stabilize employment and keep the economy running within a reasonable range.

ALCHEMPro News Desk (DS)