The 6.9% growth rate set in the first three months of the year was largely fueled by government-led infrastructure spending and a property boom. Following are excerpts from economists’ views on the economic data, edited for length and style:China’s economic growth came in better than expected, but we believe the overall growth trajectory will moderate over the next few quarters. Zhou Hao, Commerzbank AGThe higher-than-expected economic growth in the first quarter was boosted by ​a robust real-estate market and reflation of industrial products. It is encouraging to see credit growth slowing to a less unsustainable pace. An extended period in which nominal GDP growth outpaced credit growth would greatly allay concerns about the sustainability of China’s growth model.

Source: Wall Street Journal April 17, 2017 05:26 UTC