China Q1 GDP up 6.8%

Hexi New Town is seen in Nanjing Jiangsu province is seen on July 30

China's economy grew 6.8% in the first quarter of 2018 from a year earlier, official data showed on Tuesday, slightly above expectations and unchanged from the previous quarter. The economy had grown 6.9 percent in the first two quarters of a year ago.

On a quarterly basis, GDP in the first quarter grew 1.4%, compared with revised growth of 1.6% in October-December, the National Bureau of Statistics said.

Analysts are watching to see if trade tensions with the U.S. will develop into a major risk going forward.

Beijing is looking to keep the economic balancing act intact even as it faces rising trade tensions with its largest trading partner, the United States, that could impact billions of dollars in cross-border trade.

Corning (NYSE:GLW) Earning Somewhat Positive Media Coverage, Study Shows
The electronics maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.65 billion.

China's strong growth previous year came despite widespread concerns about financial risks in the East Asian giant amid a government-led economic restructuring.

Industrial output growth also slowed to 6% from a year ago, down from the 7.2% for the January through February period.

March retail sales rose 10.1 per cent from a year earlier, the strongest pace in four months, with consumers buying more of nearly everything from cosmetics and clothing to furniture and home appliances.

Many analysts remain skeptical about whether the Chinese economy will expand at the same pace this year, with regulators taking steps to restrain the overheated property market and protect the environment.

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