China's economy grew 5.3% in the first quarter, beating expectations
www.cnbc.com
On a quarter-on-quarter basis, China's GDP grew 1.6% in the first quarter, compared to a Reuters poll expectations of 1.4%.
  • knfrmity@lemmygrad.mlEnglish
    0·
    7 months ago

    To be fair, it’s not hard to beat expectations when the expectation of the western press is “imminent collapse!!!”

  • assassinatedbyCIA@lemmy.world
    0·
    7 months ago

    Lol reuters got the story so wrong. They were so confident that the growth figures would be below expectations. I can’t stand there reporting on China’s economy. It’s so bad.

    • Alsephina@lemmy.mlEnglish
      0·
      7 months ago

      Reuters is just extremely negative about China in general like most other western outlets.

      Like this one, which brings up Covid to negatively portray China building a fucking railway, when China was one of the countries that quarantined the best during the pandemic.

      Basically this meme

  • Salph@infosec.pub
    0·
    7 months ago

    You’re telling me that investing in the real economy instead of an overinflated real estate sector (that shouldn’t be for speculation in the first place anyway) actually works? Who could’ve seen this coming :0