China’s Economy Expanded 6.7% On-Year in Q1, Versus 6.8% in Q4

The world’s second-largest economy expanded 6.7 percent on-year in the first quarter, slightly slower than the previous quarter’s 6.8 percent pace, according to official data released on Friday.

The results were bang in line with market expectations and suggested that the government’s target range of 6.5 to 7 percent growth for 2016 was feasible as long as officials continued to use their vast policy toolbox to stimulate the economy.

For 2015, Beijing logged 6.9 percent growth, its slowest pace in 25 years.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.