China GDP climbs 6.9% on year in Q2Staff 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.
Asia Gross domestic product expanded
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%. ■