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China’s H1 GDP grows 6.3%

2019-07-16 09:35:09       source:Global Times

July 15, 2019


China's GDP grew 6.3 percent year-on-year in the first half of 2019, slowing from 6.4 percent in the first quarter but falling within the annual target set by Chinese policymakers and surpassing those of other global economies.

Given persistent downward pressure from the China-US trade war and ongoing deleveraging efforts, Chinese officials and observers said the "stable, high-quality, sustainable and with great potential" growth shows the resilience of the Chinese economy, which is underpinned by an ever-expanding consumer market and a bounce back in investment. 

In the second quarter of 2019, China's GDP grew 6.2 percent compared with the same period last year, 0.2 percentage points lower than the first quarter, according to data released by the National Bureau of Statistics on Monday. 


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