Cina Tasso Di Crescita Del Pil

The Chinese economy grew by a seasonally adjusted 1.6% in Q1 of 2024, quickening from an upwardly revised 1.2% increase in the previous quarter. It was the seventh consecutive period of quarterly expansion and the strongest advance since Q1 of 2023, mainly reflecting the Spring festival effects. Additionally, the country's statistics agency noted that the industry had performed better than expectations, as highlighted by recent data on official PMIs. It added that recovery in the economy will continue as Beijing intends to strengthen the implementation of macro policies and pursue high-quality development. On the monetary front, the People's Bank of China (PBoC) has pledged to ramp up policy support this year, with many analysts forecasting further cuts in banks' RRR and interest rates. The central bank also might include the buying and selling of treasury bonds in its policy tool reserve in the future.