China economic data retail sales investment, which include retail and wholesale sales, wholesale trade and private investment, rose 2.3 percent in the first quarter to the highest level since 200온라인 카지노7, the first since June last year, the Central Statistics Office of China said.
The increase was driven by “strong demand” for the nation’s most valuable commodity at a time when oil prices have fallen, it said in a statement on Thursday.
The increase in demand is due to China’s “deep integration in a wide range of industries, asSM 카지노 well as the strong improvement in domestic demand,” it added.
An increase in investment is also linked to domestic demand, it added.
China’s economy has grown by 11.8 percent annually in the fi안마rst half of the year, the government said on Sunday, exceeding previously announced expectations for growth to be between 9.5 and 10.5 percent.
“It shows the level of interest, which has been growing steadily from a high point of 7 percent in March 2010 to 8 percent at the end of May, has been gradually growing,” Zhou Zhenhua, an official in the ministry of economy and business said at a conference on Wednesday.
Chinese investment in the first quarter was $23.3 billion, an increase of 0.7 percent from the previous quarter.