China Q1 GDP Expands 6.9% vs. 6.8% Expected

From economiccalendar.com

The Chinese economy expanded at a faster pace in the first quarter, as government spending continued to fuel the expansion that many had feared would begin to slow in the new year. The National Bureau of Statistics said gross domestic product (GDP) expanded at an annualized 6.9% in the fist quarter, up slightly from 6.8% in the previous three quarters and well within the government’s target range of 6.5% to 7%. Analysts in a median forecast called for quarterly growth of 6.8%. Compared to the fourth quarter, GDP expanded 1.3%, official data showed. The world’s second-largest economy is coming off a year of slower ... (full story)