2014.04.1523:32:00UTC+00China Q1 GDP +7.4% On Year

China's gross domestic product expanded 7.4 percent on year in the first quarter of 2014, the government said on Wednesday.

That topped expectations for 7.3 percent following the 7.7 percent gain in the previous three months.

On a seasonally adjusted quarterly basis, GDP added 1.4 percent - shy of expectations for 1.5 percent and slowing from 1.8 percent in the three months prior.

The government also revealed that industrial production gained 8.8 percent on year in March - missing forecasts for 9.0 percent but up from 8.6 percent in February.

Retail sales climbed 12.2 percent, beating expectations for 12.1 percent and up from 11.8 percent in the previous month.

Fixed-asset investment climbed an annual 17.6 percent - missing forecasts for 18.0 percent and down from 17.9 percent a month earlier.