Xi Jinping sitting at a table with a peng and paper.
China's leader, Xi Jinping, at the fourth plenary session of the National People's Congress in Beijing in March 2023.
  • China's economy grew 5.3% in the first quarter of 2024, surpassing analyst expectations.
  • Despite this, March retail sales and industrial output fell short of forecasts.
  • China's property market is still struggling, with new home sales in the first quarter falling nearly 31%.

China reported robust economic growth for the first quarter of 2024.