2024 first quarter GDP grew by 5.3% year-on-year
On April 16th, the National Bureau of Statistics announced the performance of China's national economy in the first quarter of 2024:
Preliminary calculations show that the gross domestic product (GDP) for the first quarter was 29629.9 billion yuan, a year-on-year increase of 5.3% at constant prices and a month on month increase of 1.6% compared to the fourth quarter of the previous year. Looking at industries, the added value of the primary industry was 1153.8 billion yuan, a year-on-year increase of 3.3%; The added value of the secondary industry was 10984.6 billion yuan, an increase of 6.0%; The added value of the tertiary industry was 17491.5 billion yuan, an increase of 5.0%.