China's Growth Below Expectations

Analysts were expecting the first three months this year to see growth to be close to 8 percent, instead growth was 7.7 percent

China's economy, the world's second-largest, has slowed and performed worse than many analysts expected in the first three months of the year.

Annual growth was 7.7% in the January to March quarter, compared with 7.9% in the previous three months. Analysts had forecast a figure closer to 8%.