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China's Economic Growth Surpasses Expectations at 5% in Q1 Amidst Lowered Targets

In the first quarter of 2026, China's economy grew by 5%, exceeding the government's modest growth target of 4.5% to 5%, the lowest since the early 1990s.

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Updated about 3 hours ago
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Summary

China's economy has shown a surprising acceleration in growth, reaching 5% in the first quarter of 2026. This figure surpasses the government's revised growth target for the year, which was set at a range of 4.5% to 5%.

The growth target reflects the least ambitious goals established by Beijing in decades, indicating a cautious approach to economic expansion.

The robust performance in exports appears to have played a significant role in this unexpected growth, suggesting that external demand may be stronger than anticipated.

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