By Vivek Kumar China’s economy surged by an impressive 5.3% in the first quarter, surpassing market forecasts and sparking optimism for a revival in manufacturing. This strong growth, along with a notable 1.6% quarterly GDP increase from January to March, underscores China’s economic strength and ambition. However, beneath the surface, signs of economic turbulence persist. The impressive growth witnessed in the first quarter outpaced the 4.6% forecast predicted by economists and exceeded the projected 5.2% expansion for the entire year in 2023. “Fiscally-fuelled improvement unlikely to last lo…