China's growth robust in Q1 but rates unsustainable, analysts warn
Beijing
CHINA'S economy grew a better-than-expected 6.9 per cent in the first three months of the year on persistent government support in the real estate and construction sectors.
The quarterly growth represented China's fastest in nominal terms in five years, and surprised analysts who had expected recent measures implemented locally to cool the property sector, as well as more stringent monetary policies, to lower the pace of economic growth.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations