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At 6.8%, China economy carries strong growth momentum into early 2018

Consumption, which accounted for almost 80% of economic growth in the first quarter, played a significant role in supporting the economy even as risks grew for Chinese exporters

Reuters  |  Beijing 

China's economy grew at a slightly faster-than-expected pace of 6.8 per cent in the first quarter, buoyed by strong consumer demand and robust property investment. Resilience in the world's second-largest economy will likely keep a synchronized global recovery on track for a while longer, even as China faces rising tensions with the United States that could impact billions of dollars in trade. But economists still expect China to lose momentum in coming quarters as Beijing forces local governments to scale back infrastructure projects to contain their debt, and as ...

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First Published: Tue, April 17 2018. 17:08 IST