China Economic Monitor: Q2 2022

China’s real GDP grew 4.8 percent year-on-year in Quarter 1, up from 4.0 percent in Q4 and higher than market expectations.

Key takeaways In sequential terms, China’s Q1 GDP grew 1.3 percent from the previous quarter, lower than the 1.5 percent pace in Q4. The highly transmissible Omicron variant of COVID-19 has affected many regions in China, with the combined number of daily confirmed and asymptotic cases exceeding previous highs in early 2020. The new wave has led to tightened quarantine measures and a few cities have escalated to full lockdowns since mid-March 2022. There were 41 cities containing risk are...

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Published Date: 27 May 2022