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China's first-quarter economic growth beats expectations on firm consumption, property sector

Reuters  |  BEIJING 

By Elias GlennBEIJING (Reuters) - China's economy grew 6.8 percent in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and surprisingly robust property investment despite continued measures to tame rising home prices.Beijing is looking to keep the economic balancing act intact even as it faces rising trade tensions with its largest trading partner, the United States, that could impact billions of dollars in cross-border trade."Consumption is really strong, there is strong wage growth in urban areas. We underestimated the power of consumption in ...

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First Published: Tue, April 17 2018. 08:48 IST
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