China’s economy grew more than expected. China’s National Bureau of Statistics said yesterday that the economy grew 1.6 percent in the first quarter over the previous three mo
China's economy grew faster than expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt.
China’s big bet on manufacturing helped to counteract its housing slowdown in the first three months of the year, but other countries are worried about a flood of Chinese goods.
The world's second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts' forecasts of about 4.8%, data released Tuesday showed. Compared to the previous quarter, the economy grew 1.