AI Data Insight

Latest data shows that the contribution rate of China's gross capital formation to GDP jumped to 38.0% in the first quarter of 2026, more than doubling from 15.3% in the fourth quarter of 2025. Benefiting from the support of infrastructure and high-tech manufacturing investments, the Q1 GDP year-on-year growth rate reached 5.0%, outperforming market consensus. Moving forward, attention still needs to be paid to the strength of domestic consumption recovery and the medium-term risks of real estate destocking.

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