China posts slowest quarterly growth on record: govt

China's economy grew in the first three months of 2016 at its slowest quarter-on-quarter rate since it began releasing the data, the government said, while the real-estate sector rebounded thanks to aggressive stimulus. The figures came after the National Bureau of Statistics published its on-year figures Friday, which matched expectations, while foreacst-beating March data offered signs of recovery in the Asian economic giant. The recovery of the property sector -- long a pillar of China's econ