China’s manufacturing sector grew more slowly than finance for the first time in years, as capital raising via equity issuance supported financial activity during a quarter marked by a surprise economic rebound. GDP rose 5% in Q1, while finance and manufacturing grew 6.5% and 6.3% respectively, both outpacing the broader economy. Consumer-facing sectors such as hotels and catering lagged, according to the National Bureau of Statistics. Finance, spanning banking, insurance, and securities, reached a post-pandemic high driven by IPOs and strong trading activity. China’s equity market also ranked among global top performers amid war-driven safe-haven demand and resilience to oil shocks.(金十数据)