KONTAN.CO.ID - BEIJING. China's economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a slowdown, as industrial output jumped sharply. The upbeat readings, which also showed faster growth in retail sales and investment, are likely to add to optimism that China's cooling economy may be starting to stabilise, relieving some investor anxiety over sputtering global demand. But analysts say it is too early to call a sustainable turnaround, and further policy support is likely needed.
China Q1 GDP growth steady at 6.4 pct, beats expectations for slowdown
KONTAN.CO.ID - BEIJING. China's economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a slowdown, as industrial output jumped sharply. The upbeat readings, which also showed faster growth in retail sales and investment, are likely to add to optimism that China's cooling economy may be starting to stabilise, relieving some investor anxiety over sputtering global demand. But analysts say it is too early to call a sustainable turnaround, and further policy support is likely needed.