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China's Q1 GDP registers 6.8% growth

The Chinese GDP touched 19.88 trillion yuan (about 3.2 trillion US dollars) in the first three months of 2018.

Edited by: India TV Business Desk, New Delhi [ Updated: April 17, 2018 16:41 IST ]
A construction worker at an intersection in Beijing
Image Source : AP

A construction worker at an intersection in Beijing

China's GDP registered a healthy 6.8% growth in the first quarter, according to the state-run Global times.

Quoting the official data, the report revealed that the Chinese GDP touched 19.88 trillion yuan (about 3.2 trillion US dollars) in the first three months of 2018.

At 6.8%, China's Q1 GDP growth rate  was unchanged from the growth rate in the previous quarter, the report quoted from the National Bureau of Statistics (NBS) data.

"The economy is off to a good start," NBS spokesperson Xing Zhihong told media persons.

He also expressed satisfaction at sound momentum in development, steady progress in upgrading, and improved quality and efficiency of the economy.

Xing Zhihong also pointed out that China's GDP growth has stayed within the range of 6.7-6.9 per cent for 11 quarters with stable jobless rate and inflation.

In 2017, China's economy registered 6.9 per cent growth.

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