China GDP: Economy grows 7.5pc in the second quarter

 
Billy Ehrenberg
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Chinese GDP grew by 7.5 per cent in the second quarter (Source: Getty)

China's GDP grew by 7.5 per cent in the second quarter, higher than the 7.4 per cent expected and faster than the first quarter.

The growth shows the success of the government's mini-stimulus and indicates that government statements that the Asian powerhouse will tolerate slower growth to accommodate structural reform were hit by slowing expansion in the last quarter.

The figures, backed up by strong industrial production growth of 9.2 per cent in June, have given a boost to the government's chances of reaching the targetted GDP expansion of 7.5 per cent for the year.

China's mini-stimulus programme has involved the acceleration of housing and infrastructure projects designed to show investors that the administration will not allow the economy to tank.

China GDP

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