China's GDP expands 4.5 pct year on year in Q1

China's gross domestic product grew 4.5 percent year on year in the first quarter of 2023, data from the National Bureau of Statistics (NBS) showed Tuesday.

On a quarterly basis, the economy increased 2.2 percent in the first three months.

"China's national economy made a good start this year, and market expectation saw significant improvement," said NBS spokesperson Fu Linghui at a press conference.

China's GDP grew 3 percent year on year in 2022, and 2.9 percent year on year in the fourth quarter of last year.