Breaking
[Breaking] Amid the trade war, China Q2 growth rate at 5.2%...Exceeds market expectations
Korea Economic Daily
Summary
- It was reported that China recorded a 5.2% growth rate in Q2.
- The Q2 growth rate was slightly above market experts’ projections (5.1%).
- China's GDP growth rate for the first half was tallied at 5.3%.
![[Breaking] Amid the trade war, China Q2 growth rate at 5.2%...Exceeds market expectations](https://media.bloomingbit.io/prod/news/46b2b7ee-0197-4cd7-a6bf-2be3f08b5f4b.webp?w=800)
China's economy achieved a 5.2% growth rate in the second quarter of this year, when the US-China trade war resurfaced, and a 5.3% growth rate for the first half.
According to the National Bureau of Statistics of China on the 15th, China's gross domestic product (GDP) for the first half of this year was CNY 66.0536 trillion (approximately ₩1,273.3 trillion), representing a 5.3% increase over the same period last year based on constant prices.
Quarterly year-on-year growth rates were calculated at 5.4% in Q1 and 5.2% in Q2, respectively.
The Q2 growth rate (5.2%) slightly exceeded expert forecasts (5.1%) compiled by Reuters and Bloomberg News.
Jihee Yoo, Hankyung.com Reporter keephee@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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