Breaking: China’s economy grows 5.4% YoY in Q4 2024 vs. 5% expected

China’s economy grew 5.4% over the year in the fourth quarter of 2024 after reporting a 4.6% expansion in the third quarter, the official data published by the National Bureau of Statistics (NBS) showed on Friday. Data beat the market consensus of 5% in the reported period, by a wide margin.

On a quarterly basis, the Chinese Gross Domestic Product (GDP) rate rose 1.6% in Q4 2024, having increased 0.9% in the previous quarter. This figure matched the expectations of 1.6%.

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