Home / NEWS / China’s GDP growth down to 7.5 percent

China’s GDP growth down to 7.5 percent

China’s GDP growth slowed in the second quarter to 7.5 percent year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing’s resolve to revamp the world’s second-biggest economy in the face of deteriorating data.

Other figures showed industrial output in June rising slightly less than forecast compared with a year earlier, but retail sales increasing more than had been expected.

Check Also

Jerome Powell CARES Act Labor Market

Jerome H. Powell: Getting Back to a Strong Labor Market

Today I will discuss the state of our labor market, from the recent past to the present and then over the longer term. A strong labor market that is sustained for an extended period