China economic growth lower than forecasts

  • China's economic growth has slowed and performed worse than analysts’ expected in the first three months of the year.
    Annual growth sat at 7.7 percent in the January to March quarter, compared with 7.9 percent in the previous quarter. Analysts had forecast a figure closer to 8 percent.
    Other data released on Monday also came in lower than expected, raising doubts over the growth of the world’s second biggest economy.
    Industrial output rose 8.9 percent in March compared to the previous year. This was lower than the analysts' target of 10 percent.
    Meanwhile, fixed asset investment, a key driver of economic growth, increased by an annual rate of 20.9 percent in the first quarter. Analysts had expected growth to surpass 21 percent.

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