China Quarterly GDP Growth Hits Record Low in Q1


The Chinese economy expanded 1.1 percent quarter-on-quarter in the first quarter of 2016, slowing from a downwardly revised 1.5 percent growth in the previous quarter, data from the National Bureau of Statistics showed. It is the weakest figure since the data collection began in 2010 and missing market consensus of a 1.5 percent growth.

Year-on-year, the economy advanced an annual 6.7 percent in the first quarter of 2016, compared to a 6.8 percent expansion in the previous period and in line with market expectations. While it is the weakest growth since the first quarter of 2009, fixed-asset investment, industrial output, retail sales and new yuan loans all increased more than estimated in March

For 2015, the statistics bureau revised quarterly growth figures for three quarters. In the March quarter, growth was revised upwards (1.4 percent from 1.3 percent). In the second, growth was revised downwards (1.8 percent from 1.9 percent), while in the fourth quarter, growth was revised downwards (1.5 percent from 1.6 percent). The 2015 third quarter quarterly economic growth figure remained unchanged.

For 2014, the statistics bureau also revised quarterly growth figures in two quarters. For the first quarter, growth was revised upwards (1.7 percent from 1.6 percent) and in the third quarter, the figure was revised upwards (1.9 percent from 1.8 percent). The 2014 quarterly economic data for the second and fourth quarters remained unchanged

China Quarterly GDP Growth Hits Record Low in Q1


National Bureau of Statistics l Rida Husna | rida@tradingeconomics.com
4/18/2016 7:23:39 AM