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China’s GDP grows slower than expected in Q2

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/07/2022 (11:52)
Official data showed that China’s second-quarter GDP grew 0.4% year-on-year, following a 4.8% growth in Q1.

Meanwhile, the growth was below analysts’ expectations for a 1% increase for the world’s second biggest economy.

In June, industrial output rose by 3.9%, missing the expectations of a 4.1% increase. Furthermore, retail sales rose by 3.1%, following a 6.7% decrease in May.
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