HEADLINE China posts better-than-expected 6.8% growth in Q1

HEADLINE

China posts better-than-expected 6.8% growth in Q1

Xinhua

10:06, April 17, 2018

e508c4e410e854d18d6e35039e71577e.jpg

The Chinese economy saw a solid start to the year with a 6.8-percent growth in the first quarter, official data showed Tuesday.

GDP reached 19.88 trillion yuan (about $3.2 trillion) in the first three months of 2018, up 6.8 percent year on year at comparable prices, unchanged from the growth rate in the previous quarter, according to the National Bureau of Statistics (NBS).

"The economy is off to a good start," NBS spokesperson Xing Zhihong told a press conference, noting sound momentum in development, steady progress in upgrading, and improved quality and efficiency of the economy.

The GDP growth rate has stayed within the range of 6.7 percent to 6.9 percent for 11 quarters, with the jobless rate and inflation remaining stable, he said.

The country's foreign trade has become more balanced since the start of this year, with import growth outpacing exports and the trade surplus narrowing, according to Xing.

China's economy expanded 6.9 percent in 2017, picking up pace for the first time in seven years. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue