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4/17, 4:04 AM (Source: TeleTrader)
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China's GDP up 6.4% in Q1 year-on-year

China's gross domestic product (GDP) was 21,343.3 billion yuan in the first quarter of 2019, an increase of 6.4% on a yearly basis, according to the National Bureau of Statistics. The value added of the primary industry was 876.9 billion yuan, 2.7% more year-on-year. Meanwhile, the secondary industry contributed 8,234.6 billion yuan, up by 6.1% and the tertiary industry 12,231.7 billion yuan, 7.0% higher compared to the same period last year.

The report stated that Chinese regions and departments "fully implemented the new development philosophy, conformed to the requirements of high-quality development, made solid efforts to advance the supply-side structural reform, strengthened the counter-cyclical adjustment, and spared no effort to put the policies into effect. As a result, the national economy enjoyed stable performance with growing positive factors and stronger market expectation and confidence, sustaining the momentum of progress in overall stability."

Breaking the News / DJ