The figure also came in stronger than the 7.7 percent and 8.5 percent year-on-year growth reported by the Chinese government and Guangdong Provincial government respectively in the first quarter.
HSBC Flash for April fell to 50.5 from 51.6 in March;The sub-index of new export orders dropped to 48.6 in April from 50.5 in March
Proactive fiscal policy and prudent monetary policy will continue in the world’s second largest economy, said Zhou in a statement made at the 27th IMFC in Washington D.C.Saturday.
The IMF head said yuan was "moderately undervalued", echoing an earlier IMF report on the world's economic outlook.
Moody’s said progress has been less than anticipated in the process of both reducing latent risks by making local government contingent liabilities more transparent and in reining in rapid credit growth.
No.2 Japan sold U.S. debt for a fourth consecutive month.
Investment in fixed assets (excluding rural households) reached 5,809.2 billion yuan for the first three months, a real growth of 20.7% after deducting price factors
Industrial output grew 8.9 percent in March from a year ago, also slightly below expectations.
The significant ease in inflation is largely due to a retreat in food prices after Chinese Lunar New Year
Outbound foreign direct investments by Chinese companies could reach 500 billion U.S. dollars in five years.
Sun said the ASEAN which has a population of 600million, of which 66% are at the age of 15-64, and most are educated, is well qualified to be the world’s next factory.
Production sub-index grew 1.5 percent from the previous month to 52.7 percent, hitting a ten-month high while new orders sub-index was 52.3 percent, up 2.2 percentage points
It says debts were cumulated for one critical reason: a large number of retirees who were entitled to a pension without contributions when China first launches its pension system.
Net income of major industrial enterprises increased from a year earlier to 709.2 billion yuan ($114 billion
China will "actively advance reforms in major sector, trying to make substantial progresses"
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