China street

The growth of the Chinese economy was faster than expected in the three months to March, according to official figures.

The economy grew by 6.4% during the quarter, ahead of forecasts of 6.3%.

It comes as a result of the Chinese government's efforts to tackle slowing economic growth through tax cuts. Industrial production grew 8.5% in March, making a large contribution to the growth. Retail sales were also up 8.7% compared with the same period last year and fixed asset management up 6.3%.

China is predicting slower growth for 2019 of between 6% and 6.5%, down from 6.5% last year. It is seen as a strong indicator of growth in the global economy.