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China GDP climbs 6.9% on year in Q2

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Staff Writer | July 17, 2017
China's gross domestic product expanded 6.9% on year in the second quarter of 2017, the National Bureau of Statistics said on Monday.
China GDP climbs
Asia   Gross domestic product expanded
That was unchanged from the previous quarter, and it exceeded expectations for a rise of 6.8%.

On a quarterly basis, GDP was up 1.7% - in line with expectations and up from 1.3% in the three months prior.

The bureau also said that retail sales jumped an annual 11.0% in June, beating forecasts for 10.6% and up from 10.7% in May.

Industrial production climbed 7.6% on year, topping expectations for an increase of 6.5% - which would have been unchanged from the previous month.

Fixed asset investment gained 8.6% on year - unchanged from the previous month and beating forecasts for 8.5%.


 

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