China’s Economy Grows 5% in First Quarter, Meeting Forecasts

China’s economy expanded at a 5% annual rate in the first quarter, meeting expectations and staying within the government’s 2024 growth target range of 4.5% to 5%. The growth was driven by robust exports and front-loaded policy support, though some analysts have noted emerging signs of economic weakness. The result marks the country’s slowest growth target on record dating back to the early 1990s.

This is a developing story reported by major outlets. Updates will follow as more information becomes available.