BEIJING: China's growth rate
slowed for a sixth successive quarter to its slackest pace in more than
three years, highlighting the need for more policy vigilance from
Beijing even as signs emerge that action taken so far is beginning to
stabilise the economy.
Year-on-year growth of 7.6 percent in the second quarter was a whisker above the government's official 7.5 percent full year target and dragged the first half average down to 7.8 percent - below the 8 percent level that in previous downturns has triggered a robust response from policymakers.
The GDP number, released in a flurry of Chinese data on Friday, was roughly in line with investor expectations.
Year-on-year growth of 7.6 percent in the second quarter was a whisker above the government's official 7.5 percent full year target and dragged the first half average down to 7.8 percent - below the 8 percent level that in previous downturns has triggered a robust response from policymakers.
The GDP number, released in a flurry of Chinese data on Friday, was roughly in line with investor expectations.
Posts
{ 0 comments... read them below or add one }
Post a Comment