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China's quarterly growth leads to poor March showing
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Posttime:2022-04-25
CHINESE economic activity is expected to drop significantly in March due to Covid crisis restrictions that are affecting factories and consumers, reports Reuters.
First-quarter growth is expected to have peaked after a strong early start to the year.
Gross Domestic Product (GDP) grew 4.4 per cent in January to March from a year earlier, outpacing the fourth quarter's four per cent pace due to a solid start in the first two months.
GDP growth is forecast to fall to 0.6 per cent in the first quarter from 1.6 per cent in October to December.
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