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China’s GDP grows steadily in Q2

by ChemOrbis Editorial Team -
  • 17/07/2017 (17:29)
According to media reports, China’s economy grew by 6.9% in the second quarter, steady from the first quarter, due to an increase in domestic spending and exports. This increase stood slightly above the economists’ expectations of an increase of 6.8%.

In the first six months of the year, the country’s economy also expanded by 6.9% from 6.7% recorded in the same period of 2016, although the official target was 6.5%.

According to economists, this increase is not expected to be maintained due to financial risks arising from a deceleration in the credit growth.
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