India, April 16 -- China's economy logged stronger-than-expected growth in the first quarter as fiscal support helped to boost domestic demand but escalating trade tensions pose significant challenges to its growth prospects.
Gross domestic product grew 5.4 percent year-on-year, data published by the National Bureau of Statistics revealed on Wednesday. This was better than economists' forecast of 5.1 percent and remained unchanged from the previous quarter. Quarter-on-quarter, the economy grew 1.2 percent in the first quarter but weaker than the expected growth of 1.4 percent.
In March, retail sales increased at a faster pace of 5.9 percent from the previous year after rising 4.0 percent in the January to February period. Economists had f...