China's Q1 GDP grows faster than expected on policy support

In the initial three months of the year, China's economy expanded at a faster pace than anticipated, surpassing projections. The growth was primarily driven by robust manufacturing activity, reinforcing the belief that the nation can achieve its ambitious yearly objectives. According to figures released by the National Bureau of Statistics on Tuesday, the country's Gross Domestic Product (GDP) rose by 5.3% in the first quarter compared to the same period last year.