China's Q1 GDP: Soaring Dragon, Limping Property Market
Key Points
- China's GDP grew by 5.4%, surpassing expectations, but expor...
China's economic report card just dropped, and boy, do we have a recipe for financial indigestion! While the overall GDP numbers look tastier than a dim sum buffet at 5.4% growth (beating the expected 5.2%), some ingredients in this economic feast are definitely past their expiration date.
Export Excellence, Import Impotence
March exports shot up 12.4% year-on-year, making a dramatic comeback from the previous two-month snooze fest of 2.3%. Meanwhile, imports decided to take a 4.3% nosedive in March, suggesting Chinese consumers are holding onto their yuan tighter than a fortune cookie mes...
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