Analysts polled by Reuters had expected gross domestic product (GDP) to expand 6.7 percent in the January-March quarter, slowing only marginally from 6.8 percent growth in the previous two quarters.
While President Xi Jinping has pledged to further open up the world's second-largest economy and strengthen the protection of intellectual property rights, trade tensions with the United States may still intensify, posing potential risks to the economy. The economy had grown 6.9 percent in the first two quarters of past year. Fixed asset investment grew at 7.5 per cent, down from 7.9 per cent a year ago, while retail sales grew by 10.1 per cent in March. Online retail sales surged 35.4 percent on the back of the rapid spread of e-commerce shopping.
The economy's performance remains comfortably above the 6.5 percent annual growth target set by the Chinese government.
The first-quarter economic performance has set a good foundation for the full year, although global uncertainties are increasing and domestic development remains uneven, the National Bureau of Statistics said.
We've become accustomed to it: Q1 GDP data released in China today - the first country to do so and well ahead of other G20 countries - was bang on official estimates at 6.8 per cent annualised, the maintaining Q4's rate of economic growth.
Analysts had expected growth of 1.5 per cent on a quarterly basis.
Drew McIntyre Makes WWE Raw Return
The Scotsman introduced a new double-team move that saw him hitting a Claymore at the same time Ziggler performed the Zig Zag. Drew McIntyre's brief run in NXT appears to be over after he returned to Raw as part of the WWE Superstar Shake-up.
Alberta proposes bill to control oil, gas exports
But she said Alberta is "very committed to putting pressure on B.C.to come around and focus on what this pipeline actually means". An expansion to the West Coast has been approved by the federal government, but B.C.is fighting it in the courts.
Cash-crunch knocks again: 5 states still have dry ATMs
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has alleged a conspiracy behind Rs. 2,000 notes vanishing from the market. Government has formed state-wise committee & RBI also formed committee to transfer currency from one state to other.
National Basketball Association playoffs kick off
Junior journalism major Ian Jackson realized this and believed that Golden State will win a second straight championship. The Canadian team, lead by Demar DeRozen and Kyle Lowry, got most of their success due to their much improved defense.