China: GDP in first quarter below expectations…

Friday, 13 April 2012 01:57

National Bureau of Statistics reported today that China’s economy expanded at the slowest pace in last three years.

Data presented today confirms that gross domestic product of the second biggest world’s economy increased at the annual rate 8.1% in the first quarter of 2012.

Previous three months showed 8.9% pace of growth.

Today’s result was disappointing was analysts who expected gain at 8.4% level.