ECON­OMY HOLDS FIRM

Herald Sun - - WORLD -

CHINA’S econ­omy grew 6.8 per cent in the first three months of 2018, of­fi­cial data re­veals, slightly above ex­pec­ta­tions and un­changed from the pre­vi­ous quar­ter.

The data points to re­silience in the sec­ond­largest econ­omy, even as its ex­port out­look is clouded by ten­sions with the US.

Growth re­mained above the Chi­nese gov­ern­ment’s tar­get of around 6.5 per cent for the full year, which could give pol­i­cy­mak­ers more con­fi­dence to step up ef­forts to re­duce fi­nan­cial risks and clean up the en­vi­ron­ment.

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