Moneycontrol
Get App
you are here: HomeNewsWorld
Last Updated : Apr 17, 2019 10:15 AM IST | Source: Reuters

China's economy still faces pressure, policy steps starting to help: Statistics bureau

Mao Shengyong, spokesman for the bureau, made the comments after official data showed China's economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a slowdown, as industrial output jumped sharply.

China's economy still faces downward pressure, while policy steps to support the economy are starting to bear fruit, statistics bureau said on Wednesday.

Mao Shengyong, spokesman for the bureau, made the comments after official data showed China's economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a slowdown, as industrial output jumped sharply.

There are favourable factors for supporting industrial output growth and it is expected to maintain a steady pace, Mao said.
First Published on Apr 17, 2019 10:10 am
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant