Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
China's economy is still growing. But the recovery is slowing down
#1
[Image: 210707102245-china-shipping-port-0608-re...us-169.jpg]

Hong Kong (CNN Business)China's economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions.

GDP grew 7.9% in the April-to-June quarter compared with the same period a year ago, China's National Bureau of Statistics said Thursday.

That rate of growth was significantly slower than the 18.3% year-on-year increase China registered in the first quarter — though that record-breaking figure largely reflected how much the economy slumped in early 2020, as the coronavirus pandemic was taking hold.

The latest figure was also a bit weaker than expected. Analysts polled by Reuters predicted that China's economy would expand 8.1% in the second quarter.


- More -
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)