The Chinese economy grew 5.3 percent in the first quarter of 2024, year-on-year. This is according to the National Bureau of Statistics in Beijing on Tuesday. This growth exceeded experts’ expectations; economists surveyed by Reuters had expected growth of 4.6 percent. Growth was thus slightly higher than in the previous quarter: Between October and December 2023, the Chinese economy grew by 5.2 percent. The software and IT sector grew remarkably strongly by 13.7 percent, which was significantly higher than the 11.2 percent growth in the previous quarter, according to analysts from the consulting agency Trivium China.