China economy: First quarter growth beats expectations at 6.4%

The economy expanded at 6.4% in the first quarter from a year earlier, ahead of a Reuters forecast of 6.3%. Beijing has taken steps to boost its slowing economy, including tax cuts, while trying not to inflate debt.

The world's second-largest economy also faces softer global demand for its products and a trade war with the US. China's rate of growth is closely-watched for the potential knock-on effect on the global economy. The latest growth figures were in line with the 6.4% rate posted in the last three months of 2018.