Economy continued to fare well in April

China's economy continued to fare well in April, bolstered by deepeningsupply-side structural reform that is fueling innovation and the new economy, the National Bureau of Statistics (NBS) said last Monday.

High-tech industry held up well, online retail sales increased at a fast pace, and job growth remained strong, said Xing Zhihong, spokesman for the NBS.

"The fundamentals of China's economy remain sound and sustainable despite slowing growth of some economic indicators," he said.

Official data showed the country's industrial output expanded by 6.5% year-on-year in April, 0.5 percentage point higher than a year earlier, but 1.1 percentage points lower than in March.

Analysts, however, said China's full-year economic growth might decrease moderately.

"Several downside risks might come from infrastructure and real estate sectors (this year)," said Zhu Yiping, an analyst at Western Securities Co.

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