In the first quarter of the year, as the country reopened following the end of the zero-covid policy, China’s economy has grown surprisingly more than expected, according to official data released on Tuesday.
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| A restaurant in Beijing, China. Photo: Getty Images |
The figures emerged as the first snapshots since 2019 of the Chinese economy which is the second largest economy in the world.
The strict health rules in China was helpful in keeping the coronavirus in check, however, it caused a huge damage to business and supply chain.
Following years of travel restrictions and quarantines, the people of China have finally returned to restaurants and started moving around unhindered.
According to AFP via Channels:
According to data published by the National Bureau of Statistics (NBS), the official growth figure for January to March was 4.5 percent — significantly higher than the 3.8 percent predicted by analysts in an AFP poll.
Tuesday’s NBS report said in the first three months of the year China had faced a “grave and complex international environment as well as arduous tasks to advance reform, development and ensure stability at home”, but that economic stability was Beijing’s “top priority”.
“As a result, a smooth transition in Coved-19 prevention and control to the new phase was secured in a relatively short time,” the report said, adding “the production and demand registered a stable recovery, employment and prices”.
