Thursday, Apr 25 2024 | Time 12:20 Hrs(IST)
image
WorldPosted at: Apr 17 2018 10:57AM


China's first quarter growth better than expectations

Beijing, Apr 17 (UNI) China's economy grew 6.8 per cent between January to March according to official data, slightly beating forecasts for the period.
The growth rate compares expansion with the same three months in the previous year, a BBC News report said on Tuesday.
The latest GDP figures are also above Beijing's 2018 annual growth target of "around 6.5 per cent".
The data shows resilience in the world's second largest economy, helped by strong consumer demand.
But concerns about China's economy -- including rising debt levels -- remain.
The government has been fighting to contain ballooning debt and a housing bubble without hurting growth.
Amy Zhuang, China economist at Nordea Bank in Singapore described the first quarter growth figures as "solid" but also said there are signs that the positive momentum is weakening, likely due to the cooling housing market.
The growth figures come amid concerns about China's outlook for exports which has been clouded by rising tensions with the United States, its largest trading partner.
Chinese growth data through 2018 will be closely watched for any impact of tariffs proposed by the US.
Many China watchers advise caution with China's official GDP numbers.
Julian Evans-Prtichard, senior China economist at Capital Economics said the official figures "need to be taken with a grain of salt as they have been implausibly stable in recent years".
"While we don't think China's economy is expanding as rapidly as the official figures claim, there is broader evidence to suggest that a recovery in industry did prevent growth from slipping too much last quarter." UNi XC-SNU 1054
Tags: #China's first quarter growth better than expectations
More News
11 IS militants executed in Iraq

11 IS militants executed in Iraq

25 Apr 2024 | 9:57 AM

Baghdad, April 25 (UNI) The Iraqi authorities executed 11 convicts accused of being members of the Islamic State (IS) group, a security source said on Wednesday.

see more..

22 arrested for smuggling timber in Myanmar

25 Apr 2024 | 9:57 AM

Yangon, April 25 (UNI) Myanmar authorities have arrested 22 suspects involved in an alleged smuggling of timber across the country in the past two weeks, official daily The Mirror reported on Thursday.

see more..

5 teens charged after Sydney's counter-terrorism operation

25 Apr 2024 | 9:38 AM

Sydney, April 25 (UNI) Australian police announced on Thursday that five juveniles have been charged, with a joint counter-terrorism force continuing to investigate the associates of the alleged offender who conducted the stabbing at a Sydney church.

see more..
Zimbabwean president reshuffles cabinet

Zimbabwean president reshuffles cabinet

25 Apr 2024 | 9:34 AM

Harare, April 25 (UNI) Zimbabwean President Emmerson Mnangagwa on Wednesday reshuffled his cabinet, eight months after he appointed a new cabinet following his re-election in August last year.

see more..
Hezbollah confirms 1,650 operations against Israeli targets since start of Gaza conflict

Hezbollah confirms 1,650 operations against Israeli targets since start of Gaza conflict

25 Apr 2024 | 9:16 AM

Beirut, April 25 (UNI) Hezbollah has launched 1,650 military operations against Israeli targets since the outbreak of the Gaza conflict, leaving more than 2,000 Israeli personnel dead or wounded, according to data released by the Shiite military party on Wednesday.

see more..
image