China's Q1 GDP grows 5.4% y-o-y, beating expectations

China's economy surpassed expectations with a 5.4% growth in the first quarter, despite analysts predicting a slower pace. However, escalating trade tensions with the U.S., driven by new tariffs, cast a shadow over the economic outlook. This situation increases pressure on Beijing to implement further stimulus measures to achieve its ambitious 5% growth target for the year.