Source: UST Today
By Roger Yu
China’s economy grew 6.9% in the first quarter as manufacturing and energy output rose, according to Chinese government data released Monday.
Its gross domestic product totaled 18.07 trillion yuan, or about $2.63 trillion. The year-over-year growth beat economists’ average estimate of 6.8%.
Manufacturing grew by 7.4%, while production and supply of electricity, thermal power, gas and water rose by 8.9%. Mining fell by 2.4%.
Read more: https://www.usatoday.com/story/money/2017/04/17/chinas-economy-grows-69-q1-manufacturing-energy/100561310/