China First-Quarter GDP Growth Beats Forecast at 5% Year on Year
Official data showed stronger-than-expected gross domestic product growth, while fixed investment and retail sales slightly missed estimates and March industrial output topped forecasts.
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Terms & Concepts
Gross domestic product: A broad measure of an economy’s total output of goods and services over a specific period.
Fixed investment: Spending on long-term assets such as infrastructure, property, and equipment, often used to gauge economic activity.
Industrial output: A measure of production by factories, mines, and utilities, often used as a near-term indicator of manufacturing strength.