BEIJING (Reuters) - China’s economic growth remained stable in the first quarter of 2017, the state planner said on Thursday.
China’s economy likely grew by a solid 6.8 percent in the first quarter, the same pace as the previous quarter, due to sustained government infrastructure spending and a gravity-defying housing market, a Reuters poll of 60 economists showed.
The National Development and Reform Commission also said on Thursday that China approved 240.9 billion yuan $35.04 billion) of fixed-asset investments in the first quarter.
($1 = 6.8751 Chinese yuan renminbi)
Reporting by Kevin Yao; Editing by Kim Coghill