China GDP Rises 11.9% in First Quarter
SHANGHAI (TheStreet) -- China's gross domestic product rose 11.9% in the first quarter, while inflation remained low at 2.2%.
The pace of growth was the fastest in almost three years.
Stocks in China fell 0.4% Thursday after the data was released but other Asian markets such as Tokyo and Hong Kong ended the trading day slightly higher.
The data could give Beijing room to allow the yuan to rise, but analysts warned it faces growing pressure to cut back stimulus and keep the world's third-largest economy from overheating.-- Reported by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV