China's GDP growth in the first quarter was 6.4%, having exceeded forecasts

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The Chinese economy in the first quarter maintained the growth rate of the fourth quarter of last year. At the same time, this indicator shows the minimum increase since the first quarter of 2009. As the National Bureau of Statistics of China reported, China’s GDP grew by 6.4% in the first quarter from the same quarter a year earlier. According to economists, the growth was expected to slow to 6.3%. The Chinese authorities managed to keep economic growth at the level of the previous quarter, despite trade disputes with the United States, thanks to measures such as increasing government spending and encouraging bank lending. Official data showed that industrial production grew in March by 8.5% over the year. And the volume of retail sales increased by 8.7%. Analysts predict a recovery in Chinese GDP growth this year. According to the Chinese government, the growth of the Chinese economy this year will be in the range of 6-6.5%.

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