China Economy Grows 1.7% QoQ In Q2, Matches Consensus

The Chinese economy advanced 1.7 percent quarter-on-quarter in the three months to March of 2017, stronger than a 1.3 percent expansion in the previous period and in line with market estimates.

Year-on-year,  the economy advanced an annual 6.9 percent, the same as in the prior quarter while market expected a 6.8 percent expansion. Growth remained at its strongest level since the September quarter 2015. 

For 2017, the Chinese government expects the economy to grow by around 6.5 percent; compared to a 6.7 percent expansion in 2016, which was the slowest growth in 26 years. 

National Bureau of Statistics l Rida Husna |
7/17/2017 8:19:40 AM