[ad_1]
Official figures also highlighted the challenges faced by the country’s crisis-hit property sector.
BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsAI BusinessChina economy grows faster than expected in first quarterPublished11 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, China’s first quarter retail sales growth slippedBy Mariko OiBusiness reporterChina’s economy made a stronger-than-expected start to the year, even as the crisis in its property sector deepened.According to official data, gross domestic product (GDP) expanded by 5.3% in the first three months of 2024, compared to a year earlier.That beat expectations the world’s second largest economy would see growth slow to 4.6% in the first quarter.Last month, Beijing set an ambitious annual growth target for world’s second largest economy of “around 5%”.Data from the National Bureau of Statistics (NBS) also showed first quarter retail sales growth, a key gauge of China’s consumer confidence, fell to 3.1%.”You cannot manufacture growth forever so we really need to see households come to the party if China wants to hit that around 5% growth target,” Harry Murphy Cruise from Moody’s Analytics told the BBC.In the same period property investment fell 9.5%, highlighting the challenges faced by China’s real estate firms.The figures came as China continues to struggle with an ongoing property market crisis. According to the International Monetary Fund (IMF), the sector accounts for around 20% of the economy.The latest data also showed new home prices fell at the fastest pace for more than eight years in March.The real estate industry crisis has been highlighted in January when property giant Evergrande was ordered to liquidate by a court in Hong Kong.Rival developers Country Garden and Shimao have also been hit with a winding-up petitions in the city.Last week, credit ratings agency Fitch cut its outlook for China, citing increasing risks to the country’s finances as it faces economic challenges.At the annual gathering of China’s leaders in March officials said the economy grew by 5.2% in 2023.For decades the Chinese economy expanded at a stellar rate, with official figures putting its GDP growing at an average of close to 10% a year.Related TopicsXi JinpingInternational BusinessChinaChina economyTop StoriesIsrael war cabinet meets to discuss Iran responsePublished4 hours agoDozens of jurors ruled out as historic Trump trial beginsPublished4 hours agoMPs to vote on smoking ban for Generation AlphaPublished35 minutes agoFeaturesThe Papers: ‘Frantic diplomacy’ over Iran and Trump trial beginsSalman Rushdie: Losing an eye upsets me every day’Hero’ who took on killer describes Sydney attackBowen: As Israel debates Iran response, can US and allies stop slide into all-out war?What was in wave of Iranian attacks and how were they thwarted?What you need to vote has changed. VideoWhat you need to vote has changedListen: Is this a turning point for Iran and Israel? AudioListen: Is this a turning point for Iran and Israel?AttributionSoundsCalls for Germany to legalise abortions in first trimesterHow is Paris preparing for the Olympics and Paralympics?Elsewhere on the BBCWere three prime ministers brought down by WhatsApp?Helen Lewis investigates how instant messaging can lead to chaos, confusion, and comedyAttributionSoundsWhen the Queen parachuted from a helicopter with James BondHow did the memorable moment from the 2012 London Olympic Games come about?AttributionSoundsThe Austrian house where children were experimented onEvy Mages uncovers the full, disturbing truth of what happened thereAttributionSoundsReady to rock through time with the Doctor and Ruby?A sneak peek of the new series of Doctor Who, starting May 11…AttributioniPlayerMost Read1Truss endorses Trump to win US presidential race2’Frantic diplomacy’ over Iran and Trump trial begins3MPs to vote on smoking ban for Generation Alpha4Wrong couple divorced after law firm computer error5Dozens of jurors ruled out as historic Trump trial begins6Sydney church stabbing declared a ‘terrorist attack’7The pro-Kremlin troll and the false Sydney attack claims8Prime minister not at Eid party guests boycotted9Rust film armourer sentenced to 18 months in prison10Israel war cabinet meets to discuss Iran response
Related Posts
BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityWorldAfricaAsiaAustraliaEuropeLatin AmericaMiddle EastUS & CanadaCould you be a fair juror for Trump? We asked New YorkersThis video can not be playedTo play this video you need to enable JavaScript in your browser.Could you be a fair juror for Trump? We asked New YorkersCloseJury selection is under way in Donald Trump’s New York City hush-money trial, with hundreds of people selected as potential jurors.They must answer a questionnaire to determine, among other things, if they can be impartial about the former president.The BBC asked some of those questions to Manhattan residents.SubsectionUS & CanadaPublished50 minutes agoShareclose panelShare pageCopy linkAbout sharingRead descriptionExplore moreCould you be a fair juror for Trump? We asked New Yorkers. Video, 00:02:16Could you be a fair juror for Trump? We asked New YorkersSubsectionUS & CanadaPublished50 minutes ago2:16Up Next. A view from inside court for Trump’s blockbuster trial. Video, 00:01:15A view from inside court for Trump’s blockbuster trialSubsectionUS & CanadaPublished19 hours agoUp Next1:15Press, police and protesters: Outside Trump courthouse. Video, 00:01:12Press, police and protesters: Outside Trump courthouseSubsectionUS & CanadaPublished1 day ago1:12Trump’s ‘perp walk’ moment explained in 60 seconds. Video, 00:01:00Trump’s ‘perp walk’ moment explained in 60 secondsSubsectionUS & CanadaPublished31 March 20231:00Editor’s recommendationsCopenhagen stock exchange engulfed by huge fire. Video, 00:01:03Copenhagen stock exchange engulfed by huge fireSubsectionEuropePublished12 hours ago1:03Moment spire collapses at Copenhagen stock exchange. Video, 00:00:43Moment spire collapses at Copenhagen stock exchangeSubsectionEuropePublished11 hours ago0:43Dormice ladders built in the Forest of Dean. Video, 00:00:51Dormice ladders built in the Forest of DeanSubsectionGloucestershirePublished1 day ago0:51Liz Truss: The world was safer under Trump. Video, 00:00:35Liz Truss: The world was safer under TrumpSubsectionUK PoliticsPublished22 hours ago0:35Huge fires blaze along Miami highway. Video, 00:00:33Huge fires blaze along Miami highwaySubsectionUS & CanadaPublished12 hours ago0:33Watch: Georgia opposition leader punches MP during debate. Video, 00:00:34Watch: Georgia opposition leader punches MP during debateSubsectionEuropePublished21 hours ago0:34Wheelie bins fly and a caravan overturns in strong wind. Video, 00:00:24Wheelie bins fly and a caravan overturns in strong windSubsectionStoke & StaffordshirePublished1 day ago0:24Hannah Waddingham calls out demanding paparazzi. Video, 00:00:28Hannah Waddingham calls out demanding paparazziSubsectionEntertainment & ArtsPublished1 day ago0:28Endangered California condor chicks hatched in LA. Video, 00:01:28Endangered California condor chicks hatched in LASubsectionUS & CanadaPublished1 day ago1:28
[ad_1] Jury selection is under way in Donald Trump’s New York City hush-money trial, with hundreds of people selected as potential jurors. They must answer a questionnaire to determine, among…
BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityUKEnglandN. IrelandScotlandAlbaWalesCymruIsle of ManGuernseyJerseyLocal NewsFirst product of Meghan’s lifestyle brand revealedPublished11 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, ReutersImage caption, Meghan pictured at a polo match in Florida last weekBy Sean CoughlanRoyal correspondentA first glimpse of the new business venture from the Duchess of Sussex has been teased on social media, with pictures of a jar of strawberry jam.In a bid to preserve a sense of mystery, the jam from the new American Riviera Orchard brand seemed to be spread among friends and influencers.Fashion designer Tracy Robbins posted a picture of the jam on Instagram.It was numbered “17 of 50”, suggesting the number of recipients of this first fruit of the new business.The arrival of Meghan’s new California-based lifestyle brand had been signalled on social media last month and this suggests that it will be selling food products.What do we know about Meghan’s new brand?Five things about Harry and Meghan’s brand revampWhy did Harry and Meghan leave the Royal Family?There seemed to be have been something of a re-launch for Meghan and husband Prince Harry’s brands and businesses this year, beginning with the overhaul of their regal-looking website under the sussex.com label.Their latest projects seem to be moving away from a previous focus on their time as working royals, such as their Netflix film Harry and Meghan and Prince Harry’s memoir Spare.The hint about the strawberry jam from Meghan’s American Riviera Orchard brand seems to fit with the couple’s latest Netflix plans.Meghan is going to launch a Netflix show which will “celebrate the joys of cooking and gardening, entertaining, and friendship”.Prince Harry will be involved in another Netflix venture showing the inside track on the world of polo. That’s the equestrian sport, not the mints.Delfina Blaquier, married to Prince Harry’s polo-playing friend Nacho Figueras, also posted a picture of the new jam, with hers labelled “10 of 50”.The social media trail for American Riviera Orchard evokes a sense of the couple’s home in California – and this soft launch for the jam show pictures of the jars in a sunny basket of lemons.It’s not known how much items from the new lifestyle brand will cost. Although there are already plenty of other royals getting into jams. Visitors to the gift shops in royal palaces can get a Buckingham Palace Strawberry Preserve for £3.95 or Windsor Castle Fine Cut Seville Orange Marmalade, also for £3.95.On both sides of the Atlantic they seem to be conserving their finances.Related TopicsUK Royal FamilyMeghan, Duchess of SussexMore on this storyWhat we know about Meghan’s regal lifestyle brandPublished16 MarchMeghan launches surprise new lifestyle brandPublished14 MarchTop StoriesMPs back smoking ban for those born after 2009Published8 minutes agoMuslim student loses school prayer ban challengePublished2 hours agoBowen: Iran’s attack on Israel offers Netanyahu a lifelinePublished7 hours agoFeaturesJeremy Bowen: Iran’s attack on Israel offers Netanyahu a lifelineIranians on edge as leaders say ‘Tel Aviv is our battleground’A really, really big election with nearly a billion votersWhat is the smoking ban and how will it work?Martin Tyler: I nearly lost my voice foreverWho are the millions of Britons not working?How to register to vote for the local elections ahead of midnight deadlinePlaying Coachella after cancer emotional, says DJHow the Alec Baldwin fatal film set shooting unfoldedElsewhere on the BBCFrom weight loss to prolonging lifeIs intermittent fasting actually good for you? James Gallagher investigatesAttributionSoundsCould Nina shake up the unspoken rules of modern dating?Brand new comedy about love, friendship and being your own selfAttributioniPlayerWill the UK introduce tough anti-tobacco laws?Under new plans, anyone turning 15 from this year would be banned from buying cigarettesAttributionSoundsCan William Wisting find the truth?The Norwegian detective returns, tackling more grisly cold casesAttributioniPlayerMost Read1Nursery boss ‘killed baby she strapped to beanbag’2Birmingham Airport flights disrupted by incident3Muslim student loses school prayer ban challenge4First product of Meghan’s lifestyle brand revealed5MPs back smoking ban for those born after 20096Police told to shut down right-wing Brussels conference7Historic Copenhagen stock exchange goes up in flames8Bowen: Iran’s attack on Israel offers Netanyahu a lifeline9Marten a ‘lioness’ who ‘loved her cubs’, court told10Sons of McCartney and Lennon release joint single
[ad_1] The jars of strawberry jam, labelled America Riviera Orchard, have been shared with friends and influencers.