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![China’s real economy faces multiple difficulties, and the nation will promote supply-side structural reforms to ensure growth is in a reasonable range, Premier Li was cited as saying by China Central Television earlier this week [Xinhua]](http://thebricspost.com/wp-content/uploads/2016/04/tpbje20121026361_32123183.jpg)
China’s real economy faces multiple difficulties, and the nation will promote supply-side structural reforms to ensure growth is in a reasonable range, Premier Li was cited as saying by China Central Television earlier this week [Xinhua]
The growth further slowed from the previous quarter’s 6.8 per cent, which was already the lowest quarterly rate since the global financial crisis.
NBS data released on Friday shows China’s fixed-asset investment growth quickened to 10.7 per cent year-on-year in the Jan-March period. Investment in China’s property sector rose 6.2 per cent year on year in the first quarter of 2016.
Industrial output growth also leapt up to 6.8 per cent while retail sales growth quickened to 10.5 per cent during this period.
Chinese banks extended 1,370 billion yuan ($211.23 billion) in net new yuan loans in March, up from previous month’s lending of 726.6 billion yuan.
China’s non-financial outbound direct investment (ODI) jumped 55.4 per cent from a year ago to 261.74 billion yuan ($40.34 billion) in Q1, the Ministry of Commerce said Thursday.
China’s real economy faces multiple difficulties, and the nation will promote supply-side structural reforms to ensure growth is in a reasonable range, Premier Li Keqiang was cited as saying by China Central Television earlier this week.
China’s economy grew 6.9 percent in 2015.
TBP and Agencies
