$CapLand China T (AU8U.SG)$$HongkongLand USD (H78.SG)$$JMH U...
China’s economy grew 5.3% in the first quarter compared to a year ago, faster than the 4.6% growth expected by economists polled by Reuters.
Data from China’s National Bureau of Statistics showed that gross domestic product in the January to March period was higher compared to the 5.2% seen in the fourth quarter of 2023.
On a quarter-on-quarter basis, China’s GDP grew 1.6%, compared to the Reuters poll expectations of 1.4% and the fourth quarter’s expansion of 1%.
Beijing has set a 2024 growth target of around 5%.
Last week, Morgan Stanley raised its 2024 real GDP forecast for China to 4.8%, from its previous expectation of 4.2%.
The world’s second largest economy saw weak export and inflation data earlier this month, with both sets of data coming in below expectations.
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TradeExpert86 : China's stock market remains in dark shadows, requires patience for big returns
Deep SeaOP TradeExpert86:
HODL RDDT : Gone case. Who is still averaging down?
YC Xiao : I am averaging down for SenseTime, bet on long-term.
Deep SeaOP YC Xiao:
Long term investment will make money.
101843167 HODL RDDT: me
Sianzsation : Have been averaging down for 2 years .. deep sea man China
Aivern : china's GDP numbers being 5% or above is the BARE MINIMUM for foreign funds to not avoid. this isnt a win, this is barely passing.
Valuable 777 : This is rubbish stock. Average price is 0.96 not sure if still want to average down anymore. The management is very bad