China 1Q GDP +6.8%; Market Expected +6.7%
BEIJING--China's gross domestic product rose 6.8% from a year earlier in the first quarter, holding steady from the 6.8% growth in the fourth quarter of last year, China's National Bureau of Statistics said Tuesday.
The increase was greater than a median 6.7% gain forecast from a Wall Street Journal poll of 11 economists.
The Chinese economy expanded 1.4% from the previous quarter on a seasonally adjusted basis, the statistics bureau said. In the fourth quarter, GDP grew 1.6% from the previous quarter.