China’s economic growth looks set to moderate after Q1 GDP beat Deutsche Bank

News Snapshot:

While China has surpassed growth expectations so far this year, the world’s second-largest economy may not be able to sustain the same expansionary pace in the near-term, according to Deutsche Bank. The economy grew 5.3% in the first three months of 2024 from a year ago, government data released Tuesday showed. The result outstripped consensus expectations of 5% growth, which was also Deutsche Bank’s forecast. Gross domestic product expanded 1.6% on a seasonally adjusted basis from the fourth quarter of 2023. The fourth-quarter rate was upwardly revised to a 1.2%. The country marked its seventh straight period of quarterly growth...