China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus levelled off.
Growth slowed from the previous quarter’s explosive 18.3% expansion, which was magnified by comparison with early 2020, when the economy shut down to fight the coronavirus.
The economy expanded at a 1.3% pace in the April-June quarter compared with the previous three months, the way other major economies report results.
That reflects a return to normal for factory activity and consumer spending as government stimulus and easy credit wind down.
It was faster than the 0.6% expansion in the previous quarter over the final three months of 2020, which had prompted warnings the rebound was ending.
China s economic growth slows to 7 9% | Border Telegraph
bordertelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bordertelegraph.com Daily Mail and Mail on Sunday newspapers.
China’s economic growth slows in second quarter from record pace Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
China s gross domestic product expanded 7.9% from a year earlier, the National Bureau of Statistics said Thursday, down from 18.3% in the previous quarter. | BLOOMBERG
Bloomberg Jul 15, 2021
China’s economy slowed largely in line with economists forecasts in the second quarter, with the recovery showing signs of steadying after record growth in the previous three months.
Gross domestic product expanded 7.9% from a year earlier, the National Bureau of Statistics said Thursday, down from 18.3% in the previous quarter and compared with a median forecast of 8% in a Bloomberg survey of economists.
Megacap tech stocks roar back into vogue as haven from slowdown
Gordon Reid s Top Picks: July 14, 2021
Christine Poole s Top Picks: July 13, 2021
U.S. stocks, bonds fall as inflation debate intensifies
Jamie Murray s Top Picks: July 12, 2021
CPPIB invests US$800M in India s Flipkart Group
Virgin Galactic sinks on stock-sale plan after Branson trip
Larry Berman: High bar set for U.S. earnings quarter
Strong stock market run not a signal of impending correction, say experts
Andrew Pyle s Top Picks: July 9, 2021
U.S. stocks climb to all-time highs while bonds retreat
John Zechner s Top Picks: July 8, 2021
Meme stocks are on brink of bear market as retail frenzy fades
China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus levelled off.
Growth slowed from the previous quarter’s explosive 18.3% expansion, which was magnified by comparison with early 2020, when the economy shut down to fight the coronavirus.
The economy expanded at a 1.3% pace in the April-June quarter compared with the previous three months, the way other major economies report results.
That reflects a return to normal for factory activity and consumer spending as government stimulus and easy credit wind down.
It was faster than the 0.6% expansion in the previous quarter over the final three months of 2020, which had prompted warnings the rebound was ending.
vimarsana © 2020. All Rights Reserved.