According to data released by the National Bureau of Statistics on Wednesday, China’s economy expands by 6.4% year-on-year in the first quarter, higher than expected.
Growth was flat with growth in the fourth quarter of last year.
According to official data, the country’s industrial output grew steadily over the same period, up 6.5% year-on-year, compared with 5.7% in the previous quarter.
According to the National Bureau of Statistics, the growth rate of fixed asset investment in the first quarter was 6.3%, compared with 6.1% in the first two months.
The data showed that retail sales increased by 8.3% year-on-year, compared with 8.2% in the first two months.
The agency said that despite external uncertainty and continued downward growth pressure, the “positive factors” of economic growth are still increasing.
