China Economy Expands 1.8% QoQ in Q2
The Chinese economy grew by 1.8 percent quarter-on-quarter in the three months to June of 2018, compared to a 1.4 percent expansion in the previous period and beating market estimates of a 1.6 percent growth. It was the fastest quarterly expansion since the September quarter 2017.
Year-on-year, the economy advanced 6.7 percent year-on-year in the June quarter of 2018, after a 6.8 percent growth in the previous three quarters and matching market expectations. It was the weakest pace of expansion since the third quarter of 2016.
For 2018, the Chinese government targets growth at around 6.5 percent amid efforts to deleverage, contain debt and financial risks.
In 2017, the economy expanded by 6.9 percent, beating the govermet target of around 6.5 percent and following a 26-year low of 6.7 percent in 2016.
7/16/2018 2:22:55 AM