Opinion: China’s Economic Data Points Aren’t as Strong as They Seem

The low base set in 2022 reveals that some of the economy’s surging growth this year is just on paper

Apr 25, 2023

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A worker registers product data at an export enterprise in Tangshan, North China’s Hebei province, on Feb. 22. Photo: VCG

China’s GDP grew 4.5% year-on-year in the first quarter, and total retail sales surged 10.6% in March. Both are well above market expectations, but there are some issues that deserve attention.

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