Daily Mail

China growth steady

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CHINA’ S economy expanded by a healthy 6.4pc in the first three months of 2019 – fuelling hopes for a pick-up in global growth.

The figures were better than economists expected and suggest the country is stabilisin­g after a long slowdown last year.

It comes after Beijing slashed taxes and boosted lending to shore up performanc­e. Mao Shengyong, of the national Bureau of Statistics, said the results were positive but said further changes are needed.

China is at loggerhead­s with US President donald Trump over trade, which has affected its exports.

Meanwhile, a record £76.6bn of Chinese currency was traded in London in the final three months of 2018.

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