Asian stocks opened lower in cautious trade on Monday, as China reported better-than-expected economic growth, but also warned of \u201chuge challenging scenarios ahead.\u201d<\/p>\n\n\n\n
In early trading, Tokyo\u2019s Nikkei 225 index was down 1.25 percent, while Hong Kong and Sydney were closed for vacations.<\/p>\n\n\n\n
Shanghai\u2019s stock market has been scarcely down since the announcement of the first Covid-19 deaths at the start of the city\u2019s weeks-long lockdown.<\/p>\n\n\n\n
This year, amid the United States\u2019 greatest Covid-19 epidemic since the pandemic began, China\u2019s largest city and financial superpower has struggled under a patchwork of lockdown laws.<\/p>\n\n\n\n
The United States has had a 4.8% first-sector economic growth, according to the National Bureau of Statistics, as the pandemic threatens.<\/p>\n\n\n\n
In the closing months of 2021, the discern was 4.0 percent.<\/p>\n\n\n\n
With a drop in assets and regulatory crackdowns, the world\u2019s second-largest economic system began to lose speed in the second half of last year.<\/p>\n\n\n\n
All of this adds to the pressure on officials to meet the US\u2019s full-year growth target of around 5.5 percent in a crucial year for President Xi Jinping, who is scrutinizing every other period in strength.<\/p>\n\n\n\n
\u201cWe must be mindful that, as the domestic and global environments become increasingly complicated and uncertain, economic development is confronted with enormous issues and challenges,\u201d said NBS spokeswoman Fu Linghui.<\/p>\n\n\n\n
Oil prices, which have been rising since Russia\u2019s invasion of Ukraine in February, have risen once more.<\/p>\n","protected":false},"excerpt":{"rendered":"
Asian stocks opened lower in cautious trade on Monday, as China reported better-than-expected economic growth,<\/p>\n","protected":false},"author":10,"featured_media":14743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[215],"tags":[357],"class_list":["post-14742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","tag-asian-markets"],"yoast_head":"\n