China’s Economy Shows Strong Growth #

China’s economy experienced robust growth in the first quarter of 2021, surpassing expectations. GDP increased by 18.3% compared to the same period last year, attributed to strong industrial output and increasing consumer spending. Retail sales saw a notable increase as urban employment rates improved, while fixed-asset investment also rose. However, concerns about rising commodity prices and the potential impact on inflation remain. The solid economic performance further solidifies China’s recovery from the COVID-19 pandemic.