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1.Market Observations, 8.Was Sticky

18 Apr 2017 (AFR) – China GDP rises an annual 6.9 per cent in first quarter, beating expectations

(18 April 2017, AFR, p10, by Lisa Murray)

‘China’s economy appears to have defied the bears as a surge in construction activity, a rebound in company profits and robust trade pushed up the country’s annual growth rate in the first quarter to a better-than-expected 6.9 per cent. The expansion in gross domestic product, comparing March quarter 2017 to the same period last year, was announced by the National Bureau of Statistics on Monday. It marks an improvement from growth last year of 6.7 per cent and leaves the economy tracking well ahead of the government’s target. Chinese Premier Li Keqiang said last month the government was targeting growth of “around” 6.5 per cent this year.’

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