China, the world's second-largest economy, grew at 6.8 percent in the first three months of 2018, thanks to strong consumer demand, robust exports and investment in the country's real estate market.
It was the third-straight quarter for 6.8 percent growth year-on-year and fueled in part by a widening trade gap with the U.S.
As The New York Times notes, "The country's quarterly growth figure has become so implausibly smooth and predictable in recent years that economists generally look for other ways to gauge China's economic health. One of those is trade, which at one time was a major driver of Chinese growth, though over the last decade it has been far eclipsed in importance by Chinese investment and household spending."
China has been trying for years to nudge its economy away from dependence on savings and investment, towards one based more on consumption, which now accounts for roughly 80 percent of economic growth.