China's GDP expands 4.8 pct in Q1

China's economy got off to a steady start in the first quarter of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at home. This was reported by The Xinhua News Agency.

The country's gross domestic product grew 4.8% year on year in the first three months, picking up pace from a 4-percent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed.

"The economy posted a stable performance with continued recovery as China balanced the epidemic control and economic and social development", – NBS spokesperson Fu Linghui said at a press conference.