China’s economy grew 6.4 per cent in the first quarter compared to a year earlier, the joint-slowest growth rate since quarterly growth records began to be published 27 years ago, according to official figures released on Wednesday, but beating analysts’ expectations. Photo: Reuters

China economy grows faster than expected in first quarter on strong industrial production

  • China’s economy grew 6.4 per cent in first quarter of 2019, beating analysts expectations, but matching lowest recorded quarterly growth
  • Fixed asset investment grew by 6.3 per cent, retail sales were up to 8.7 per cent and industrial production grew by 8.5 per cent, showing improvement in the economy
Topic |   China economy

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China’s economy grew 6.4 per cent in the first quarter compared to a year earlier, the joint-slowest growth rate since quarterly growth records began to be published 27 years ago, according to official figures released on Wednesday, but beating analysts’ expectations. Photo: Reuters
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The headquarters of the People's Bank of China is seen in Beijing in 2018. Photo: Xinhua

People’s Bank of China – the country’s central bank – suggests it will stem flood of money into economy

  • People’s Bank of China has shown a preference for restraint, in a quarterly monetary policy document that suggests major moves towards easing are unlikely
  • Subtle shift from policy of pumping funds into the fragile economy over recent months, which has helped stimulate some sectors
Topic |   China economy

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The headquarters of the People's Bank of China is seen in Beijing in 2018. Photo: Xinhua
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