Hong Kong (CNN Business)China’s economy could be showing renewed signs of life in 2019.
The world’s second-biggest economy grew slightly more than expected in the first quarter of 2019, Chinese government figures showed Wednesday. It expanded by 6.4% compared to a year ago, beating economists’ forecasts of 6.3%.
The prospect of a deeper slowdown in China has been one of the biggest concerns for the global economy this year. China’s growth has been hit by a trade war with the United States and government efforts to rein in a huge amount of debt in China’s financial system.