Finweek English Edition - - THE WEEK -

China re­ported year-on-year eco­nomic growth of 6.7% in the first quar­ter, in line with govern­ment pro­jec­tions of growth be­tween 6.5% and 7% this year. The GDP growth num­ber, along with data on in­dus­trial out­put and in­vest­ment in build­ings and other fixed as­sets, are sug­gest­ing a pickup in eco­nomic ac­tiv­ity, re­ported. How­ever, sea­son­ally ad­justed quar­ter-on-quar­ter growth in the first three months of the year only reached 1.1%, the slow­est rate since China’s Na­tional Bureau of Statis­tics started re­leas­ing quar­terly data in 2011, and down from a re­vised 1.5% in the fourth quar­ter of 2015, it said. One econ­o­mist cau­tioned that the quar­ter-on-quar­ter data shows China’s growth mo­men­tum in the short run “is not as op­ti­mistic as the head­line GDP fig­ure re­flected”, re­ported.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.