China’s better economic growth hides reasons to worry

China’s better economic growth hides reasons to worry

China’s better economic growth hides reasons to worry

When China’s leaders set an economic-growth target of “around” 5% for this year, the goal was widely agreed to be ambitious. Now the country looks increasingly likely to meet it. Several foreign banks have raised their forecasts. Data released on April 16th show the economy grew by 5.3% in the first quarter, compared with a year earlier—quicker than expected and faster than the target requires.

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