China’s economy expanded at the weakest pace since 2009 last quarter, with output, investment and retail data pointing to a deepening slowdown.
Gross domestic product rose 7 percent in the three months through March from a year earlier, the statistics bureau said in Beijing Wednesday, matching the median estimate of economists and the leadership’s full-year expansion target. Data for the month of March showed industrial production was weaker than all 40 estimates in a Bloomberg News survey.
