China's first-quarter economy growth likely cooled to the weakest pace in a...
BEIJING - China’s first-quarter economy growth likely cooled to the weakest pace in at least 27 years, a Reuters poll showed, but a flurry of measures to boost domestic demand may have put a floor under slowing activity in March.
Analysts polled by Reuters expect China to report gross domestic product grew 6.3 percent in the January-March quarter from a year earlier, the slowest pace since the first quarter of 1992, the earliest quarterly data on record. In March, Beijing announced billions of dollars in additional tax cuts and infrastructure spending on top of measures last year.
On a sequential basis, economists estimated GDP grew 1.4 percent in the first quarter, easing from 1.5 percent in the fourth quarter.March data will provide more details on the health of China’s domestic demand, covering industrial output, retail sales, property sales and investment, and fixed asset investment.
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