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Stock impact report

China's economy grows 6.9% in Q1 on manufacturing, energy output [USA TODAY]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: USA TODAY
Two men stand across the Huangpu River from the Pudong New Financial district in Shanghai on Jan. 18, 2016. (Photo: AFP/Getty Images) 2 CONNECT TWEET LINKEDIN COMMENT EMAIL MORE China’s economy grew 6.9% in the first quarter as manufacturing and energy output rose and state-owned companies continued to spend heavily on infrastructure, according to government data released Monday. The year-over-year growth for the quarter beat economists' average estimate of 6.8% and outpaced the full-year target of 6.5%. Its gross domestic product totaled 18.07 trillion yuan, or $2.63 trillion. It was the fastest GDP growth since the third quarter of 2015, underscoring the resilience of the world's second largest economy amid an industrial capacity glut in the country and tough talk from the Trump administration seeking revised trade deals. Manufacturing grew 7.4%, while production and supply of electricity, therm Show less Read more
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