"China's Q1 GDP Surpasses Expectations with 5.3% Growth"

China's economy grew by 5.3% in the first quarter, surpassing expectations due to government policies and increased demand, but signs of weakness in the housing market persist. Despite the strong growth, the troubled housing market and declining exports and imports pose challenges. The government aims to shift the economy towards greater reliance on consumer demand, but uneven recovery and imbalances persist. Policymakers have implemented fiscal and monetary measures to boost the economy, but the strong growth has led to a decline in Asian shares amid concerns about further stimulus.