Beijing: China's economy grew by a better-than-expected 6.8 percent in the first quarter, official data showed Tuesday, overcoming Beijing's battle against financial risk and trade tensions with the United States.
The world's number two economy exceeded the 6.7 percent growth forecast by analysts surveyed by AFP, and equalled the fourth quarter performance.
"The national economy maintained the momentum of steady and sound development," said Xing Zhihong, a spokesman for the National Statistics Bureau.
"The economic performance continued to improve and the economy was off to a good start."
China's sustained growth shows the economy has remained resilient even as Beijing kicked its war on pollution into a high gear during the winter months by cutting production for many steel smelters, mills and factories.
Fears of a trade war with the US have also roiled markets in recent weeks, with Washington and Beijing exchanging warnings of tit-for-tat tariffs on a significant portion of their bilateral trade.
The tensions have yet to cause real harm to the economy, analysts say, but that may change in coming months when tariffs threatened by US President Donald Trump are expected to be implemented.
Along with exports, debt-fuelled investment has driven China's economy over the last decade -- but with fears growing over a possible credit crisis, officials in Beijing are stepping up their battle against debt and financial risk.
Output at China's factories and workshops expanded by 6.8 percent year-on-year in the first quarter, below the 6.9 percent forecast by Bloomberg News. Industrial production grew by six percent in March. (AFP)
Apakah Anda kerap merasa mudah lelah? Jika ya, Anda perlu tahu bahwa penyebabnya beragam. Apa saja?
Jika dehidrasi tak segera ditangani, bisa menjadi parah dan membahayakan tubuh.
Energy and Mineral Resources Minister Ignasius Jonan has urged state-owned electricity company PT Perusahaan Listrik Negara (PLN) …
Bank Indonesia (BI) decided to hold its 7-days reverse repo rate at 5.25 percent after a Board of Governors meeting on July 18-19,…
The Jakarta Composite Index (JCI) increased by 1.28 percent or 74.39 points to 5,881.76 on Tuesday, July 10, 2018.
The Jakarta Composite Index (JCI) increased by 1.08 percent or 62.42 points to 5,876.79 before break on Tuesday.
China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab officials Tu…
The Jakarta Composite Index (JCI) increased by 1.98 percent or 112.46 points to 5,807.38 on Monday, July 9, 2018.
The Jakarta Composite Index (JCI) increased by 1.14 percent or 64.61 points to 5,759.52 before break on Monday.
Asian markets rallied on Monday, extending their gains at the end of last week, following another strong US jobs report that reinf…
Shares of Chinese smartphone giant Xiaomi fell almost 6 percent in its trading debut in Hong Kong Monday, a long-awaited IPO overs…
A burst of US exports of soybeans, commercial aircraft and other goods drove the American trade gap to its lowest level in 18 mont…