Economic data for March have beaten market expectat

ons in many aspects, and based on those data, China’s year-on-year GDP gr

owth rate in the first quarter may reach 6.3 percent or a bit higher,” said Liu Chun

sheng, an associate professor of economics at the Central University of Finance and Economics in Beijing.

Improved market expectations resulting from progress in the Sino-US trade talks and Beijing’s tax and

fee cut plan, as well as eased liquidity, have helped to offset negative effects of the traditional Spring Fes

tival holiday and downside pressure that continued from the end of last year, Liu said.

China has set this year’s GDP growth rate target at 6 percent to 6.5 perce

nt, after registering full-year growth of 6.6 percent in 2018 and 6.4 percent in the fourth

quarter. The NBS is scheduled to announce the country’s first-quarter economic growth data on Wednesday.

www.fyace.org