China first-quarter GDP growth steady at 6.4 percent, beats expectations for slowdown
Updated : April 17, 2019 08:26 AM IST
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.
Analysts polled by Reuters had expected growth to slow slightly to 6.3 percent in the January-March quarter, the slowest pace in at least 27 years.
China's economy is seeing more positive factors at present, although it still faces many external uncertainties, the National Bureau of Statistics said on Wednesday in a statement along with the data.
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