GDP increased 7.9% in the April-to-June quarter compared with the same period a year ago, China's National Bureau of Statistics said Thursday.
The Chinese economy has flashed some troubling signs in recent months. Record commodity prices drove factory inflation to the highest levels in more than a decade, while supply chain disruptions caused by shipping backlogs and an energy shortage held back factory production. Thursday's data showed retail sales jumped 12% in June from a year ago, while industrial production increased 8.3%.
Even so, China unveiled some good news on trade earlier this week. Exports surged more than 30% in June compared with the same period in 2019, according to customs data.
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