China’s market expands at slower pace in Q1

China’s market expands at slower pace in Q1

Since 2009, China’s growth expanded at the slowest pace in first quarter of 2016.

The Dollar Business Bureau 

The growth of Chinese economy in the first quarter of 2016 expanded at a much slower pace, ever since the sluggish phase was witnessed in 2009. However, the clouds of recovery in investments, factory activity and household spending appeared above the world’s most populated nation, due to the sanction of new credits. 

The official report, on Friday, revealed that China’s GDP expanded at the rate of 6.7% in the first quarter, slightly down from 6.8% recorded in final quarter of 2015. 

However, on the brighter side, the other factors like new loans, industrial outputs, retail sales and fixed assets investment hint that they have fared better than the forecast rates. 

The analysts claim that data hints towards the improvement of the economy. However, some of them fear it might turn out to be something similar to 2015 as that year saw a glowing start but ended up with the greatest fall in stock market. 

Meanwhile, the National Bureau of Statistics (NBS) stated that though the economic factors hinted towards positive output, the downward pressure cannot be underrated.