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With slew of economic measures Chinese Q1 GDP grew 6.4 pct FY20


Devdiscourse News Desk beijing China
Updated: 17-04-2019 07:50 IST
With slew of economic measures Chinese Q1 GDP grew 6.4 pct FY20

China's trading partners and investors are closely watching for signs of improvement in its economy amid growing worries about sputtering global growth. Image Credit: Flickr

China's economy grew 6.4 per cent in the first quarter from a year earlier, official data showed on Wednesday, above expectations and steady from the previous quarter, helped by sharply higher factory production. Analysts polled by Reuters had expected growth to slow slightly to 6.3 per cent in the January-March quarter, the slowest pace in at least 27 years.

China's trading partners and investors are closely watching for signs of improvement in its economy amid growing worries about sputtering global growth. Initial March readings had offered some encouragement that the economy was starting to turn the corner after a rocky start to the year, but analysts say it is too early to call a sustainable turnaround.

(With inputs from agencies.)

COUNTRY : China

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