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China first quarter GDP slows to 7%

China's economy grew at its slowest pace in six years in the first quarter, highlighting the challenge of finding new growth drivers amid a slowdown in the key pillars of construction and manufacturing.

Gross domestic product grew 7.0 per cent in the first three months of 2015 compared with the same period a year earlier, the stats bureau said on Wednesday, marking the weakest quarterly expansion since the depths of the global financial crisis in the first quarter of 2009.

China's economy grew 7.3 per cent in the fourth quarter last year, write Gabriel Wildau in Shanghai and Tom Mitchell in Beijing.

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