Gross domestic product expanded 7.9% in the April-June quarter from a year earlier, official data showed on Thursday, missing expectations for a rise of 8.1% in a Reuters poll of economists.Growth slowed significantly from a record 18.3% expansion in the January-March period, when the year-on-year growth rate was heavily skewed by the COVID-induced slump in the first quarter of 2020.
While the world's second-largest economy has rebounded strongly from the COVID-19 crisis, buoyed by solid export demand and policy support, data releases in recent months have suggested some loss in momentum. "We must also see that the global epidemic continues to evolve, and there are many external instabilities and uncertain factors," she said.Still, economists in the Reuters poll expected more support this year, forecasting a further cut in the bank reserve requirement ratio in the fourth quarter.
The NBS data showed China's industrial output grew 8.3% in June from a year ago, slowing from a 8.8% rise in May. Economists in the poll had expected a 7.8% year-on-year rise.
And american sanctions.
this is terrible news
7.9% is considered slow. That's how high China has set the bar for itself.
HFE where, who, and how many undocumented violators from the border crisis, is the Biden administration redistributing every day by plane using the Air Force from Texas.
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