China’s 1st Quarter Growth Beats Estimates, but Economy Still Struggles: Analysts

Electric cars for export waiting to be loaded on the "BYD Explorer NO.1," a domestically manufactured vessel intended to export Chinese automobiles, at Yantai port, in eastern China's Shandong Province, on Jan. 10, 2024. STR/AFP via Getty Images

News Analysis

China’s economy surpassed expectations in the first quarter of 2024, offering some relief to policymakers grappling with prolonged weakness in the property sector and mounting local government debt. However, analysts say that the March indicators paint a different picture.