China’s economy grew 6.3 percent in the second quarter, lower than analysts’ estimates
[ad_1]
copy photo
google creative common
China’s economy will grow at a faster pace in the current April-June quarter due to a slower pace of growth in the same period last year. The pace of the world’s second largest economy is expected to slow down further in the coming months.
Hong Kong. The growth rate of China’s economy has been less than expected ie 6.3 percent in the second quarter of April-June. Analysts had been expecting China’s economy to grow at a faster pace in the current April-June quarter due to a slower pace of growth in the same period last year. The pace of the world’s second largest economy is expected to slow down further in the coming months.
This is due to weakening consumer demand in China and declining demand for Chinese exports to other economies. According to data released on Monday, China’s gross domestic product (GDP) growth rate stood at 6.3 per cent in April-June. In the previous quarter, China’s growth rate was 4.5 percent. However, analysts had expected China’s economy to grow at seven per cent in the June quarter.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
