China economy saw its fastest growth in a year during the first quarter, with GDP expanding by 4.5% from the previous year. That is a significant improvement from the 2.9% growth in the prior quarter and exceeding economists’ expectations of 4%, primarily driven by stronger consumer spending and factory output following the end of Covid Zero policies. According to the central bank, the economy is on track to achieve its growth target, while the property market is stabilizing. While the bank has refrained from cutting key interest rates and reduced its cash injection into the banking system, analysts still see the potential for easing in the upcoming months.