China’s 2013 Growth In Gross Domestic Product Dips To 7.5% In Second Quarter From 7.7% In First Quarter

By @JJMcGrath3000 on
Can China Maintain Double-Digit Growth?

A batch of Chinese economic data due for release over the next two weeks will be closely scrutinized following lower manufacturing PMIs on Monday. China’s Q2 GDP will be released on July 15th.


Growth of China’s gross domestic product dipped to 7.5 percent in the second quarter from 7.7 percent in the first quarter this year, according to the National Bureau of Statistics of China.

The drop was anticipated by most analysts, as noted by BBC News.

Growth of China’s GDP in the first half overall was 7.6 percent, the National Bureau of Statistics said.

“These figures are not surprising, adding to signs of downward pressure on China’s economy,” Zhou Hao, an economist at ANZ Bank in Shanghai, was quoted as saying by Reuters.

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