China’s economy maintained its momentum last quarter, as global trade and domestic demand spurred a pickup at the nation’s factories.
- Gross domestic product increased 6.9 percent in the second quarter from a year earlier, compared with a 6.8 percent median estimate in a Bloomberg survey, matching the pace of expansion in the first quarter
- Industrial output rose 7.6 percent in June from a year earlier, compared with an estimated 6.5 percent increase
- Fixed-asset investment climbed 8.6 percent in the first half of this year, versus a median forecast of 8.5 percent gain
- Retail sales jumped 11 percent from a year earlier in June, compared with a median estimate of 10.6 percent in a Bloomberg survey