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China’s economy grows 6.9% in first quarter of 2017

first quarter

MNA Business Desk: China’s economy grew 6.9 per cent in the first quarter of 2017, government data showed Monday, beating expectations in the latest sign of stabilization in the world’s second-largest economy. “The national economy in the first quarter has maintained the momentum of steady and sound development,” the National Bureau of Statistics said in a statement. The government has trimmed its 2017 GDP growth target to ‘around 6.5 per cent’ as the world’s second-largest economy, already expanding at the slowest pace in a quarter-century, faces an array of challenges. The economy grew 6.7 per cent in 2016, its slowest ...

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