China's Economy
Chinese economy grows 5.4%, beating quarterly forecasts
China's economy started 2025 strongly, with a 5.4% annual growth rate in the first quarter, beating forecasts. The growth was driven by solid domestic consumption and industrial output. Discounts on electronics and other products on Taobao and other Chinese shopping apps, including electric rice cookers and 85-inch televisions, were offered, likely due to government subsidies.
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