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China GDP climbs 6.9% on year in Q2

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Staff Writer | July 17, 2017
China GDP climbs
Asia   Gross domestic product expanded

China's gross domestic product expanded 6.9% on year in the second quarter of 2017, the National Bureau of Statistics said on Monday.

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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