China's Q1 GDP growth slows to 8.1%

2012-04-14 06:30:30 GMT2012-04-14 14:30:30(Beijing Time) Xinhua English

BEIJING, April 14 (Xinhuanet) -- China’s National Bureau of Statistics has released fresh economic figures for this year’s first quarter.

GDP grew by 8.1 percent year-on-year in Q1, slowing from 8.9 percent in the fourth quarter of last year, this marks the fifth consecutive quarter of GDP slowing. Industrial output expanding 11.6 percent year-on-year. In March alone, the industrial output was up 11.9 percent from a year earlier.

Q1 urban fixed asset investment rose 20.9 percent year-on-year and retail sales grew 14.8 percent. And so as many economists have predicted, China’s Q1 readings did show some signs of weaknesses, BUT if we take a look at the overall picture, growth is still steady as economists point out, GDP growth is still above 8-percent.

(Source: cntv.cn)

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