By Daniel Hunter

China's economy has slowed over the last three months, going against many analysts expectations.

The world's second-largest economy saw annual growth of 7.7% in the January to March quarter, compared with 7.9% in the previous three months. Analysts had forecast a figure closer to 8%.

China wants to spur growth after it hit a 13-year low in 2012. Other key data on Monday also came in lower than market expectations, raising questions over the outlook for growth.

Industrial output rose 8.9% in March from a year earlier, much lower than analysts' targets of 10%.

Meanwhile, fixed asset investment, a key driver of China's growth, rose at an annual rate 20.9% in the first three months of year. Analysts had expected growth of more than 21%.

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