BEIJING (Reuters) – The annual growth rate of the Chinese economy in the first quarter slowed to 7%, minimum 6 years, from 7.3% of ‘ last part of 2014, compared to a question persistently weak.
Numbers in line with analysts’ expectations, judged compatible with the launch of new stimulus measures by the authorities in Beijing to prevent a more marked slowdown, and which show that the measures put in place so far have not produced the desired results .
On a cyclical basis China’s GDP growth slowed to 1.3% from 1.5% in the fourth quarter.
In March, moreover, the industrial production growth slowed to 5.6%, below the consensus (+ 6.9%), reaching a low point since the beginning of the global financial crisis in 2008.
A gloomy even numbers of fixed investment, grew by 13.5% year on year in the first quarter, the reading more contained in the first part of the year since 2000.
Despite recent measures of support, signs of weakness also came from the real estate market, another key area for the second world economy: investment increased only by 8.5% per year in the period from January to March, down from 10.5% between January and February.
((Editing Milan, reutersitaly@thomsonreuters.com, +39 02 66129486, Reuters messaging: elvira.pollina.reuters.com@reuters.net)) www.reuters.it On other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia
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