China's economy is likely to grow by 6.8 percent year on year in the first quarter of the year as production activities and investment picked up, according to a Chinese government think tank report Wednesday.
Consumer prices will rise by 1.4 percent in the first three months of this year, according to NAES, which is affiliated to the Chinese Academy of Social Sciences.
NAES estimated that China's economy would expand by 6.7 percent in the first half of the year as industrial production was likely to increase moderately in the second quarter, while investment would see slightly slower growth.
The Chinese government trimmed its 2017 growth target to around 6.5 percent, the lowest in a quarter of a century.
Reference: China.org
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