China's economic growth at record low in Q1

16 April 2009 09:32  [Source: ICIS news]

SHANGHAI (ICIS news)--China has recorded its slowest annual economic expansion of 6.1% in the first quarter based on  data released by the National Bureau of Statistics on Thursday.

This represented a fourth consecutive quarter of slowing growth caused by tumbling exports as the global recession continued to pummel demand from end-consumer markets.

Total shipments of goods out of China declined 17.1% year-on-year in March following a 25.7% plunge in the previous month.

($1 = CNY6.83)

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By: Dolly Wu
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