Real GDP in China grew 7.5 percent on a year-ago basis in the second quarter, which is rather slow by Chinese standards. However, the government is not unhappy with this slower pace of growth. Q2 GDP Growth in Line With Consensus Estimates Real GDP in China rose 1.7 percent (not annualized) on a sequential basis in the second quarter. The outturn, which was in line with the consensus estimate, took the year-over-year growth rate down to 7.5 percent from 7.7 percent in Q1 (top chart). China
Reported by FXstreet.com 8 hours ago.
↧