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Title:
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China’s Rebounding Economy Strengthens Beijing's Hand in Trade Talks With the U.S.
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Author:
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Yinan Zhao and Enda Curran
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Source:
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Time
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Date:
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April 17, 2019
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Description:
- China’s economy rebounded through the first quarter, offering the government room for maneuver as trade negotiations with the U.S. enter a crucial stage. Gross domestic product rose 6.4 percent in the first three months from a year earlier — matching last quarter’s pace and beating economists’ estimates. Factory output in March jumped 8.5 percent from a year earlier, much higher than forecast. Retail sales expanded 8.7 percent while investment was up 6.3 percent in the year to date.
