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China’s GDP growth falls to 6.7% in first quarter

China’s GDP growth falls to 6.7% in first quarter

China’s GDP growth has slowed to 6.7 per cent in the first quarter of 2016, according to the latest data.

The economy’s annual rate of growth is down from the 6.8 per cent reported in the fourth quarter of last year.

The figure is in line with market expectations as China, the world’s second largest economy, faces the prospect of continued slowing growth.

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Investment in fixed assets in the first quarter increased 10.7 per cent year-on-year, according to the National Bureau of Statistics of China.

Total retail sales of consumer goods also held up in the period, up 10.3 per cent year-on-year.