قالب وردپرس درنا توس
Home / Business / China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdown By Reuters

China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdown By Reuters




© Reuters. FILE PHOTO: People walk through an overpass near Beijing's central business area

By Kevin Yao and Lusha Zhang

BEIJING (Reuters) – China's economy has grown at a steady pace for a slowdown, as industrial output jumped sharply.

The upbeat readings, which are, say, faster growth in retail sales and investment, are likely to add to optimism that China's cooling economy may be on the way to stabilize, relieving some investor anxiety over sputtering global demand.

But analysts say it is too early to call for a sustainable turnaround, and further policy support is likely needed.

Analysts polled by Reuters had expected growth to slow to 6.3 percent in the January-March quarter, the slowest pace at least 27 years.

China's economy is seeing more positive factors at present, although it still faces many external uncertainties, the National Bureau of Statistics

industrial production jumped 8.5 percent in March from a year earlier, the fastest pace in over 4-1

/ 2 years. Analysts' estimates of 5.9 percent and the 5.3 percent seen in the first two months of the year.

Retail sales rose 8.7 percent in March, so beating analyst's estimates of 8.4 percent growth and the previous 8.2 percent.

Fixed-asset investment expanded 6.3 percent in January-to-March from the same period a year earlier, in line with estimates of 6.3 percent.

Real estate investment rose 11.8 percent in the first three months, quickening slightly from the 11.6 percent gain in the January-to-February.

China's economic growth slow to a near 30-year low of 6.2 percent this year, as sluggish demand at home and abroad and the Sino-US

The government aims for economic growth of 6.0-6.5 percent in 2019.

On a quarterly basis, GDP in the first quarter grew 1.4 percent, as expected, but dipping from 1.5 percent in October-December.

Disclaimer: Fusion Media would like to remind you that the data contained in this site is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and prices are not indicative and are not marketable. Fusion Media does not accept any liability for any loss or loss of any kind.

Fusion Media of reliance on the information including data, quotes, charts and buy / sell signals in this website. It is one of the riskiest investment forms possible.


Source link