“China’s economy expanded by 7.4% in the first quarter of the year, better than what many were expecting. But it is a slowdown from 7.7% growth in the final quarter of last year. Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago. Retail sales for the month of March spiked by 12.2%, underscoring China’s efforts to boost economic growth via domestic consumption. “
Source: BBC News – China’s economy grows 7.4% in 2014 Q1, better than forecast
