China’s growth looks surprisingly good, as it usually does. The nation’s GDP rose 6.7% in the second quarter from the same period last year, beating a market estimate of 6.6%.
The National Bureau of Statistics released the figure (link in Chinese) today (July 15). The number remained unchanged from the 6.7% recorded in the first quarter—the slowest growth since 2009—and is in line with the government’s target of no lower than 6.5% for the full year.
June saw a jump in both retail sales (up 10.6% from a year ago) and industrial production (up 6.2%), beating market expectations in each case.
The figure suggests China’s economy is steady for now, thanks to Beijing’s aggressive stimulus measures (paywall).