China's economy grew 6.9 percent in the first quarter of 2017, government data showed Monday, beating expectations in the latest sign of stabilization for the world's second-largest economy.
It was better than the median analyst expectation of 6.8 percent in an AFP poll, and also up on the fourth quarter figure.
- China's economy grows 6.9% in first quarter of 2017: Govt
AFP, April 17, 2017
Gross domestic product increased 6.9 percent in the first quarter from a year earlier, compared with a 6.8 percent median estimate in a Bloomberg survey. It was the first back-to-back acceleration in seven years.
The expansion further cements a rebound as producer prices surge, industrial output picks up and soaring credit fuels investment.
- China's economy accelerates as retail, investment pick up
Bloomberg, April 17, 2017
China's economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March.
Analysts said government spending and a property boom spurred by easy credit were the main factors helping to driving stronger demand.
- China's economy gains steam; Q1 growth fastest since 2015
AP, April 17, 2017
China's economic growth in the first quarter rebounded to the highest level since the autumn of 2015, thanks to strong credit -expansion and government-led spending, with monthly steel -output hitting an all-time high last month.
- China's economic growth rebounds to near two-year high
South China Morning Post, April 17, 2017
Gross domestic product grew 6.9% from a year earlier, according to official data published Monday, hitting its fastest pace since the third quarter of 2015.
It's an uptick from the 6.8% recorded in the fourth quarter of last year - and slightly above what some economists had been predicting.
-China's economic growth climbs to 6.9% in the first quarter
CNN Money, April 17, 2017
The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many economists had forecast.
State-led infrastructure spending and demand for new property helped drive the world's second-largest economy.
- China's first quarter growth beats expectations at 6.9%
BBC, April 17, 2017
