摘要
RESILIENT DOMESTIC DEMANDThe GDP growth in the first quarter came in higher than expected at 6.9 percent year on year in China, the fastest since the third quarter of 2015. This was driven by fixed asset invest- ment and property investment, which grew 9.2 percent and 9.1 percent year on year respectively, both beating expectations. China＇s services sector remained robust in the first quarter of the year, increasing by 8.3 percent year on year, 0.1 percentage point higher than that of the same period last year and in line with policymakers＇ efforts to rebalance the economy toward ser- vices and consumption. March retail sales registered double digit growth at 10.9 percent year on year after easing to 9.5 percent in the January to February period.
RESILIENT DOMESTIC DEMANDThe GDP growth in the first quarter came in higher than expected at 6.9 percent year on year in China, the fastest since the third quarter of 2015. This was driven by fixed asset invest- ment and property investment, which grew 9.2 percent and 9.1 percent year on year respectively, both beating expectations. China＇s services sector remained robust in the first quarter of the year, increasing by 8.3 percent year on year, 0.1 percentage point higher than that of the same period last year and in line with policymakers＇ efforts to rebalance the economy toward ser- vices and consumption. March retail sales registered double digit growth at 10.9 percent year on year after easing to 9.5 percent in the January to February period.
