China’s economy expanded more than expected in the first quarter, data from the National Bureau of Statistics revealed on Monday.
Gross domestic product grew at a pace of 4.8 percent on a yearly basis in the first quarter. This was faster than the economists’ forecast of 4.4 percent and the 4.0 percent expansion registered in the previous quarter.
In March, industrial production advanced 5.0 percent, which was faster than the expected rate of 4.5 percent.
