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