Economics
China’s Economic Growth Remains Robust Amid Strong Retail Sales
- Economy expanded 6.8% in the first quarter, matching estimates
- Support from consumption may wane as slowdown forecast in 2018
This article is for subscribers only.
China’s steady first-quarter expansion masked a tug-of-war between struggling old industries from mining to textiles, and booming new-economy sectors including e-commerce and health care.
The key question: As President Xi Jinping strives to curb debt and jousts with Donald Trump over trade, how much of the potential drag can the new growth drivers offset?