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China's economy grows 6.8% in first quarter | China's economy grows 6.8% in first quarter |
(35 minutes later) | |
China's economy grew 6.8% between January to March from a year earlier, according to official figures. | China's economy grew 6.8% between January to March from a year earlier, according to official figures. |
The growth rate was slightly higher than forecast for the period, and is unchanged from the previous quarter. | |
The latest GDP figures are also above Beijing's 2018 annual growth target of "around 6.5%". | The latest GDP figures are also above Beijing's 2018 annual growth target of "around 6.5%". |
China is the world's second largest economy but a reliance on borrowing has led to concerns about debt levels. | China is the world's second largest economy but a reliance on borrowing has led to concerns about debt levels. |
The growth data comes amid concerns about China's outlook for exports which has been clouded by rising tensions with the United States, its largest trading partner. | |
But growth could be tempered as the government continues its push to restructure the economy and boost domestic consumption. | |
It is also fighting to contain ballooning debt levels and a housing bubble without hurting growth. |