China’s gross domestic product, the second largest economy in the world, recorded a growth of 6.3% in the second quarter of this year, according to data released today, Monday, July 17, from the National Bureau of Statistics, compared to a growth of about 4.5% in the first quarter and less than market expectations.

Which indicated that it recorded a growth of about 7.1%, and according to estimates, the gross domestic product in the first half amounted to 59,303.4 billion yuan, an increase of 5.5% on an annual basis.

On the other hand, retail sales amounted to 22,758.8 billion yuan, at 8.2%, an increase of 2.4% over the first quarter, while the rate of investment in fixed assets grew by 3.8%, or 24,311.3 billion yuan, in the first half of the year, as the index of investment in infrastructure increased by 7.2. %, manufacturing by 6%, and investment in real estate development decreased by 7.9%.

China’s industrial production grew by 3.8% year-on-year in the first half of this year, or 0.8% faster than in the first quarter, as the added value of mining increased by 1.7%, the value of manufacturing increased by 4.2%, and equipment increased by 6.5%, while the added value of electricity and energy production increased. Gas and water increased by 4.1%, the added value of services, in turn, increased by 6.4% on an annual basis.

On the other hand, the unemployment rate stabilized at 5.2%, unchanged on an annual basis, despite the high unemployment rate among youth.