The country's economic growth rate surged to 11.9 percent in the first quarter of the year, the National Bureau of Statistics (NBS) announced Thursday, prompting fears of an overheated economy and qestions regarding the withdrawal of the massive stimulus package.
The gross domestic product (GDP) in the first three months totaled 8.07 trillion yuan ($1.19 trillion), the NBS said, attributing the fastest quarterly rate of expansion since 2007 to last year's low comparison base and the government's stimulus.
"China's economy welcomed a strong start at the beginning of the year, showing that overall economic development is rising in full swing," Li Xiaochao, the NBS spokesman, said Thursday.
The surge in economic growth was up from just over 6 percent in the same quarter a year ago and up 10.7 percent in the final
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Author: Yin Hang
