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However, on a quarter-on-quarter basis, the Chinese economy grew by a more modest 0.6% in the January-to-March period - slower than expected. The recovery was driven by a surge in consumer spending retail sales surged by 34.2% year-on-year in March, beating forecast of a 28% rise. China’s factories also benefitted from the pick-up in global demand, with output rising by 14.1% year-on-year in March. However, that is down on the 35.1% surge seen in the January-February period, suggesting growth may be moderating. “The national economy made a good start,” National Bureau of Statistics spokesperson, Liu Aihua, told reporters on Friday. Liu also flagged that the strong growth was also due to a low base effect (as the economy contracted so sharply a year ago), as

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