China’s quarterly growth rate lowest in 10 years; Exports down 19% - - imports dip 31%
Apr 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
China's economy expanded by 6.1 percent year on year in the first quarter, official data showed Thursday. The quarterly growth rate was the lowest in 10 years as the global financial crisis continued to affect the world's fastest-growing economy. It was 4.5 percentage points lower than the first quarter of 2008 and down 0.7 percentage points from the previous quarter. Exports were down 20 percent and imports fell 31 percent in the first quarter.