China’s economy expanded at a seasonally adjusted 1.1% during the first quarter of 2016 compared with last year’s fourth quarter – the lowest quarterly rise since 2010, National Bureau of Statistics data shows. The South China Morning Post reports the slower-than-expected quarterly growth rate comes amid other signs the Chinese economy was stabilizing during the first quarter, including positive surprises from trade, inflation, output and credit. Analysts had expected quarterly growth of 1.5% for the first quarter, but the statistics bureau did not release quarterly figures when it issued annual figures on Friday.
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