China Q1 2024 GDP growth 5.3% y/y (expected +5.0%)

Economic growth data from China for the January - March quarter

5.3% y/y

• expected +5.0%, prior 5.2%

+1.6% q/q

• prior +1.0%

Unsurprisingly GDP growth is tracking towards the 'around' 5% target.

March data is here:

• China: March Industrial output +4.5%y/y (expected +5.4%) Retail sales +3.1% (4.5% exp)