With slew of economic measures Chinese Q1 GDP grew 6.4 pct FY20
- Country:
- China
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.)
ALSO READ
Foreign investors withdraw Rs 6,300 crore from Indian stocks in April amid rising US bond yields
Wall St Week Ahead-Lofty US stocks leave investors punishing earnings disappointments
Foreign portfolio investors sold over Rs 6,000 crore Indian stocks in April
ASK Property Fund Generates Significant Returns on QVC Realty Investments, Delivering Rs 354 Crore to Investors
US STOCKS-Wall Street stocks finish higher as investors focus on Fed moves