Here is our section “Economic life”:
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China: GDP up 4.8% in the first quarter
BEIJING — China’s economy got off to a good start in the first quarter of 2022, with the country’s gross domestic product growing 4.8 percent year on year to 27.02 trillion yuan (regarding $4.24 trillion) in the three first months of the year, despite the challenges posed by an increasingly complex international environment and the resurgence of COVID-19 cases in the country, according to data released Monday by the State Bureau of Statistics (BES ). It showed stable performance with continued recovery as China balanced epidemic control with economic and social development.
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China’s economy might grow 5.9% this year, Credit Suisse economist says
BEIJING — An economist at Credit Suisse Group AG expects China’s gross domestic product to rise 5.9 percent, ahead of the 5.5 percent growth target set by the world’s second-largest economy, said reported Bloomberg on Thursday. Yi David Wang, chief China economist at Credit Suisse Group AG, said he may revise his projection closer to 5.6% when the impact of the coronavirus lockdowns becomes clearer. Wang said recent export data suggests that global demand for Chinese production will remain high this year. China’s total imports and exports rose 10.7 percent year on year to 9.42 trillion yuan (1.48 trillion U.S. dollars) in the first quarter of 2022, official data showed Wednesday.
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France: consumer prices increase by 1.4% over one month in March
PARIS — In March 2022, the consumer price index (CPI) in France increased by 1.4% over one month, following +0.8% in February and by 4.5% over one year, following +3.6% in February, according to figures released Friday by INSEE. In March over one month, energy prices accelerated (+9.0% following +3.6%) in the wake of those of petroleum products (+17.0% following +5.6%). The prices of manufactured products (+1.4% following +0.6%) and those of food (+0.9% following +0.3%) also accelerated, to a lesser extent. Year on year, the marked rise in inflation resulted from the acceleration in energy prices (+29.2% following +21.1%), food (+2.9% following +2, 1%) and, to a lesser extent, services (+2.3% following +2.2%).
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Ethiopia: Manufacturing exports generated $390m in revenue in past 9 months
ADDIS ABABA — Ethiopia’s manufacturing sector exports generated US$390 million in revenue over the past nine months, the country’s industry ministry has revealed. These revenues represent 87% of the initial target set by the government for this sector, the state-owned press group Fana Broadcasting Corporate (FBC) said on Sunday. Despite promising growth, Ethiopia’s manufacturing sector continues to struggle with a lack of adequate supplies, challenges related to infrastructure deficit, shortage of skilled labor and various other financial constraints, according to FBC, citing the Industry Minister Melaku Alebel.
