China Growth Beats Economist Forecasts as Stimulus Kicks In
China’s economic growth proved resilient in the second quarter as policy makers stepped up support and a stock market boom -- since soured -- spurred services.
Gross domestic product rose 7 percent in the three months through June from a year earlier, the National Bureau of Statistics said Wednesday, unchanged from the first quarter and beating economists’ estimates for 6.8 percent. Industrial output in June rose 6.8 percent, while fixed-asset investment increased 11.4 percent in the first half.
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