BEIJING: China's economic recovery quickened sharply in the first quarter from last year's deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
But the brisk expansion, heavily skewed by the plunge in activity a year earlier, is expected to moderate later this year as the government turns its attention to reining in financial risks in overheating parts of the economy.
Gross domestic product (GDP) jumped 18.3% in the first quarter from a year earlier, official data showed on Friday. While that undershot the 19% forecast by economists in a Reuters poll, it was the fastest growth since quarterly records began in 1992 and up from 6.5% in the fourth quarter last year.
...