China Quarterly GDP Growth Weakest in 2 Years
The Chinese economy grew by 1.4 percent quarter-on-quarter in the three months to March of 2018, compared to an advance of 1.6 percent in the previous period and slightly below market expectations of 1.5 percent. It was the weakest pace of expansion since the first quarter of 2016.
Year-on-year, the economy advanced 6.8 percent year-on-year in the March quarter 2018, the same pace as in the previous two quarters and matching consensus.
For 2018, the Chinese government targets growth at around 6.5 percent amid efforts to deleverage, contain debt and financial risks.
In 2017, the economy expanded by 6.9 percent, beating the govermet target of around 6.5 percent and following a 26-year low of 6.7 percent in 2016.
4/17/2018 10:12:55 AM