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China’s Economic Growth Slows to Six-Year Low
China's gross domestic product expanded by an adjusted 7% in January-March, its slowest pace in six years, according to the National Bureau of Statistics.
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China's gross domestic product expanded by an adjusted 7% in January-March, its slowest pace in six years, according to the National Bureau of Statistics.
The first-quarter growth compares with 7.3% for October-December and 7.4% for calendar 2014.
Analysts say the government's stimulus efforts, which included interest rate cuts and lower reserve ratios for lenders, don't appear to have had a significant impact on economic fundamentals.
The data show first-quarter industrial output slowed to its weakest growth rate since 2008. Investment in property development expanded less than 9%, a six-year low. Growth in fixed-asset investment fell to a 15-year low.
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