China's GDP grows 5.3% in 1st quarter on stimulus measures

China's economy in the January-March period grew a real 5.3 percent from a year earlier, official data showed Tuesday, with the pace of expansion accelerating from the previous quarter thanks to stimulus measures implemented amid a prolonged slump in the property sector.The increase in the inflation-adjusted gross domestic product of the world's second-largest economy quickened from 5.2 percent in the previous three months. The latest figure beat market expectations for a 4.6 percent expansion in the first three months of this year.Beijing has set an ambitious GDP growth target of around 5 …READ FULL ARTICLE