The Chinese economy grew by a seasonally adjusted 1.6 percent on quarter in the three months to June 2019, accelerating from a 1.4 percent expansion in the previous period and beating market consensus of 1.5 percent.
That was the fastest pace of expansion since the third quarter of 2018.
Year-on-year, economy advanced 6.2 percent year-on-year in the second quarter, slowing from a 6.4 percent expansion in the previous three-month period and matching market expectations. It was the lowest growth rate since the first quarter of 1992, amid ongoing trade tensions with the US, weakening global demand and alarming off-balance-sheet borrowings by local governments.
7/15/2019 8:37:39 AM