FOREX TradingCharts.com

Financial News: China Expands At Steady Pace In Q1

China Expands At Steady Pace In Q1

04/17/2018 - 03:14:00 (RTTNews)

(RTTNews) - China's economy expanded at a steady pace in the first quarter of 2018, helped by consumer spending amid moderation in industrial output and fixed asset investment growth.

Gross domestic product expanded 6.8 percent year-on-year, the same pace of growth as seen in the fourth quarter, data from the National Bureau of Statistics showed Tuesday.

The rate also matched economists' expectations. The government targets slower growth of about 6.5 percent for the whole year as it intends to bring stability in the financial system and curb corporate debt and combat pollution.

On a quarterly basis, the economy expanded at a slower pace of 1.4 percent in the first quarter after growing 1.6 percent in the previous three months.

In March, retail sales logged an annual growth of 10.1 percent, faster than the 9.7 percent in January to February period, another report from NBS showed. Economists had expected 9.7 percent increase.

Meanwhile, growth in industrial output eased to 6 percent from 7.2 percent in January to February. Output was forecast to expand 6.3 percent.

In the first quarter, fixed asset investment rose 7.5 percent following the 7.9 percent increase seen in the first two months.

According to a new official survey, the urban unemployment rate came in at 5.1 percent at the end of March.

While the Chinese economy held up fairly well in the first quarter, Julian Evans-Pritchard, an economist at Capital Economics, said a further slowdown is on the cards before the end of the year.

In particular, while the one-off boost to industrial production from the easing of pollution controls will fade before long, the drags from tighter fiscal policy and slower credit creation will continue to weigh on broader activity, the economist added.

The World Bank forecast China's GDP growth to slow moderately this year to 6.5 percent as its economy continues to re-balance. Next year, the growth is seen at 6.3 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hungary Wage Growth Eases More Than Forecast (01 hr(s), 02 min(s), 37 sec(s) ago)
(RTTNews) - Hungary's employee wage growth eased at a faster-than-expected pace in February, f ...Full Story»

Turkey Consumer Confidence Improves In April (01 hr(s), 34 min(s), 37 sec(s) ago)
(RTTNews) - Turkey's consumer confidence improved slightly in April after weakening in the pre ...Full Story»

Estonia PPI Inflation Accelerates In March (02 hr(s), 08 min(s), 37 sec(s) ago)
(RTTNews) - Estonia's producer price inflation accelerated in March after easing in the previo ...Full Story»

Germany PPI Inflation Accelerates Slightly In March (02 hr(s), 24 min(s), 37 sec(s) ago)
(RTTNews) - Germany's producer price inflation accelerated for the first time in six months in ...Full Story»

Dutch Consumer Confidence Improves Slightly; Spending Growth Quickens (03 hr(s), 01 min(s), 37 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved marginally in April, while spending growth accelera ...Full Story»

Japan's Tertiary Activity Index Unchanged In February (03 hr(s), 55 min(s), 37 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity showed no variations in February, in line with ...Full Story»

BRAZIL: Economic Agenda Halted Until Election - House Deputy Speaker (05 min(s), 23 sec(s) ago)
(RTTNews) - Proposals included in the Brazilian government's economic agenda, including those ...Full Story»

ECOPETROL: Mayor Calls Popular Consultation On Fracking In Barrancabermeja (03 min(s), 23 sec(s) ago)
(RTTNews) - Dario Echeverry, mayor of the Colombian city of Barrancabermeja, should call a popular ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hungary Wage Growth Eases More Than Forecast

04/20/2018 - 03:49 AM (RTTNews)
(RTTNews) - Hungary's employee wage growth eased at a faster-than-expected pace in February, f ...Full Story>>

Turkey Consumer Confidence Improves In April

04/20/2018 - 03:17 AM (RTTNews)
(RTTNews) - Turkey's consumer confidence improved slightly in April after weakening in the pre ...Full Story>>

Estonia PPI Inflation Accelerates In March

04/20/2018 - 02:43 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation accelerated in March after easing in the previo ...Full Story>>

Germany PPI Inflation Accelerates Slightly In March

04/20/2018 - 02:27 AM (RTTNews)
(RTTNews) - Germany's producer price inflation accelerated for the first time in six months in ...Full Story>>

Dutch Consumer Confidence Improves Slightly; Spending Growth Quickens

04/20/2018 - 01:50 AM (RTTNews)
(RTTNews) - Dutch consumer confidence improved marginally in April, while spending growth accelera ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.