Steel, stimulus drive China's strongest economic growth since 2015

2017-04-18T05:16:12-07:00

Reuters - 4/15/2017 - Kevin Yao and Yawen Chen - China's economy grew faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail sales and exports all suggesting the economy may carry solid momentum into spring. But most analysts say the first quarter may be as good as it gets for China, and worry Beijing is still relying too heavily on stimulus and "old economy" growth drivers, primarily the steel industry and a property market that is overheating. Read more @ http://www.reuters.com/article/us-china ... SKBN17J04E

Statistics: Posted by McFurd — Tue Apr 18, 2017 6:16 am

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Steel, stimulus drive China's strongest economic growth since 2015