Thursday, 27 June 2019 04:10 GMT

Chinese economic growth at 6.4 percent in Q1

(MENAFN) From January to March 2019, China registered 6.4 percent in its economic growth to beat all forecasts of a slowdown amid an international economy storm.

China's economy is expected to see further development in its investment as well as other economic areas as the country closes in on a trade agreement with the United States.

It comes after China declared a plan to spend billions in more tax reductions and infrastructure expenditure while banks lending hit a record of around USD866,723 billion.

Economist Jianwei Xu stated "we need more evidence to call a full-fledged recovery. Our view for the economy is still cautious."


Chinese economic growth at 6.4 percent in Q1

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