A glimpse of China's economic performance in Q1

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A glimpse of China's economic performance in Q1

STORY: A glimpse of China's economic performance in Q1 DATELINE: April 18, 2022 LENGTH: 00:01:02 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of views of China STORYLINE: China's economy got off to a steady start in the first quarter of 2022 despite an increasingly complex international environment and resurgences of COVID-19 cases at home. The country's gross domestic product grew 4.8 percent year on year to 27.02 trillion yuan (about 4.24 trillion U.S. dollars) in the first three months, picking up pace from a 4-percent increase in the fourth quarter last year, data from the National Bureau of Statistics (NBS) showed Monday. A breakdown of Monday's data shows that value-added industrial output posted a stable 6.5-percent increase from a year ago in the first quarter, and fixed-asset investment jumped 9.3 percent. Retail sales of consumer goods went up 3.3 percent. The surveyed urban unemployment rate stood at 5.5 percent in January-March, with 2.85 million new urban jobs created in this pe

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