The gross domestic product (GDP) in China, the second largest economy in the world, recorded a growth of about 7.9% in the second quarter of this year, according to data released this morning, Thursday, July 15th from the National Bureau of Statistics, compared to a growth of about 18.3% in the first quarter and less than the expectations of the markets that It indicated that it recorded a growth of about 8.1%, in contrast, unemployment rates stabilized at 5% levels in June, and the National Statistics Office in China announced in its statement that the Chinese economy maintained a steady recovery despite fears of the spread of the global epidemic, which affects the recovery locally.
On the other hand, retail sales rose by 12.1% in June on an annual basis, compared to 12.4% in June of last year, exceeding expectations that indicated a rise to 11%, supported by an increase in beverages by 29.1%.
And Chinese industrial production recorded a growth of about 8.3% in June on an annual basis, better than expectations of 7.8%, and compared to 8.8% in June of last year, after the Chinese authorities announced their support for companies affected by the rise in commodity prices.
07/11/2024
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