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

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