China’s first-quarter GDP ascends faster than expected

China’s first-quarter GDP ascends faster than expected

China's economy managed to rally 6.9% during the first quarter from the previous year, moderately faster than expected, backed by a government infrastructure spending spree as well as a frenzied housing market, demonstrating signs of overheating.

Financial experts surveyed by Reuters had expected the Chinese economy to surge 6.8% during the first quarter, showing the same pace as in the previous year’s fourth quarter.

First-quarter surge turned to be the fastest since the third quarter of 2015. March data revealed that investment, factory output, retail sales as well as exports all added faster than expected.

The sturdy reading will help to back wobbly global financial markets, though it will also add to concerns that China's authorities are still heavily relying on stimulus, not to mention old economy growth drivers. The government isn’t doing enough to cope with risks from an explosive build-up in debt.

While China's data has been mostly positive this year, a great number of analysts widely expect the world's number two economy to lose steam in the nearer future because the impact of earlier stimulus measures starts fading and local authorities step up their battle for the purpose of reining in hot housing prices.


USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Apple is Under Pressure
Apple is Under Pressure

Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news!  Today’s events: USA, UK, Hong…

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera