In the second quarter, the economy rose by 6.3 per cent compared with a year earlier, up from 4.5 per cent in the first quarter of the year. On a quarter-on-quarter basis, China's GDP increased by 0.8 per cent in the second quarter of the year. Figures released by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining and utilities sectors, grew by 4.4 per cent in June from a year earlier after a 3.5 per cent rise in May, the
newspaper wrote.
In the first half of the year, value-added industrial output grew by 3.8 per cent compared to the same period last year, while in the first quarter, it rose by 3 per cent from a year earlier.
Retail sales, a key measurement of consumer spending, grew by 3.1 per cent year-on-year in June, down from the 12.7 per cent growth in May.
In the first half of the year, retail sales rose by 8.2 per cent compared to the same period last year, while in the first quarter, they grew by 5.8 per cent from a year earlier.
