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China's economic growth gathers pace

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(17 Apr 2017) China reported on Monday that its economic growth rose to 6.9 percent in the first quarter of the year.China's economic recovery is gaining momentum, lifted by government stimulus and a property boom.The growth seen in January-March in the world's second-biggest economy, according to data released on Monday, was an improvement from the previous quarter's 6.8 percent pace and surpassed economists' forecasts.China saw its slowest growth in nearly three decades in 2016.Policies aimed at tempering the slowdown included higher spending on construction of infrastructure such as roads and bridges. Relatively cheap credit spurred booming property sales.The official full-year economic growth target for 2017 is 6.5 percent.You can license this story through AP Archive: http://www.aparchive.com/metadata/you... Find out more about AP Archive: http://www.aparchive.com/HowWeWork

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AP Archive 4091678 f22bb8490e0b18d42557a48bcb8a07ff China Economy China Greater China East Asia Beijing Business
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