China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth.
June retail sales also missed estimates, rising 2% compared with the 3.3% growth forecast.
Industrial production, however, beat expectations up by 5.3% in June from a year ago, higher than Reuters estimate of 5% growth.
Urban fixed asset investment for the first six months of the year rose by 3.9%, meeting expectations. Investment in infrastructure and manufacturing slowed their pace of growth on a year-to-date basis in June versus May, while real estate investment declined at the same 10.1% rate.
