China’s economy stabilized last quarter as the property sector rebounded, markets steadied, and loose monetary policy helped spur an improvement in factory conditions. Gross domestic product rose 6.7 percent in the first quarter from a year earlier, the statistics authority announced Friday, meeting the median projection of economists Bloomberg surveyed and in line with the government growth target of 6.5 percent to 7 percent for the full year. Industrial output, fixed-asset investment and retail sales all picked up in March. Signs of stabilization in the world’s second-biggest economy and bets on a subdued pace of ... (full story)