We report on the first dark-matter (DM) search results from PandaX-I, a low threshold dual-phase xenon experiment operating at the China Jinping Underground Laboratory. In the 37-kg liquid xenon target with 17.4 live-days of exposure, no DM particle candidate event was found. This result sets a stringent limit for low-mass DM particles and disfavors the interpretation of previously-reported positive experimental results. The minimum upper limit, $3.7times10^{-44}$,cm$^2$, for the spin-independent isoscalar DM-particle-nucleon scattering cross section is obtained at a DM-particle mass of 49,GeV/c$^2$ at 90% confidence level.
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