China’s Economy Grows at 7.4% in Q1

China’s economy grew an annual 7.4 percent in the first quarter of this year, slowing from a 7.7 percent increase in the last quarter of 2013, data on Wednesday showed.

The gross domestic product (GDP) number was just above analyst expectations in a Reuters’ poll for a 7.3 percent increase.

Beijing unveiled a mini-stimulus package earlier this month amid signs of weakness in China’s economy – the world’s second largest after the U.S. and the biggest in Asia.


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