China's economy in the January-March period grew a real 5.3 percent from a year earlier, official data showed Tuesday, with the pace of expansion accelerating from the previous quarter despite a prolonged slump in the property sector and weak demand.
The increase in inflation-adjusted gross domestic product of the world's second-largest economy quickened from 5.2 percent in the previous three months. Beijing has set an ambitious growth target of around 5 percent for 2024 despite challenges including mounting local government debt.
