China's GDP growth remained stable in the first quarter, up by 6.8 percent year-on-year, according to data released by the National Bureau of Statistics on Tuesday. Industrial output growth reached 6.8 percent in the first quarter, down by 0.4 percentage point compared with the first two months. Private investment picked up by 8.9 percent in the same period, up by 0.8 percentage point compared with the January-February period. Real estate development investment increased by 10.4 percent year-on-year in the first three months, accelerating by 0.5 percentage point from the first two months, the NBS said. Retail sales rose by 9.8 percent in the first three months, 0.1 percentage point faster than the first two months. The NBS said employment market remained stable, with the surveyed unemployment rate standing at 5 percent, 5 percent and 5.1 percent in the first three months, respectively, down by 0.2 percentage point, 0.4 percentage point and 0.1 percentage point over a year ago. The NBS said there had been more supporting factors in the first quarter for China to achieve high-quality growth. Read more: China's property development investment up 10.4 pct in Q1 China's investment in property development expanded 10.4 percent year on year in the first quarter of this year, official data showed Tuesday. Total investment in the real estate sector stood at 2.1291 trillion yuan (339.2 billion U.S. dollars), according to the National Bureau of Statistics. China retail sales up 9.8 pct in Q1 China's retail sales of consumer goods grew 9.8 percent year on year in the first quarter of 2018, data from the National Bureau of Statistics showed on Tuesday. China's fixed-asset investment up 7.5 pct in Q1 China's fixed-asset investment grew 7.5 percent year on year in the first quarter of this year, official data showed Tuesday. China sees steady employment in Q1 China continued to see a stable job market in the first quarter this year, with the unemployment rate at a relatively low level, data showed Tuesday. China's private investment gains steam in Q1 Private investment in China picked up growth pace in the first quarter of this year, growing 8.9 percent year on year, official data showed Tuesday. China's resident income up 6.6 pct in Q1 China's average per capita disposable income grew 6.6 percent year on year in real terms to 7,815 yuan (about 1,245.28 U.S. dollars) in the first quarter of 2018, official data showed Tuesday. |
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