China to explore cross-border payments in digital yuan reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Reuters
1 minute read
A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS
BEIJING, July 15 (Reuters) - China s industrial output grew 8.3% in June from a year earlier, slowing from a 8.8% rise in May, official data showed on Thursday.
But the figure was higher than a 7.8% rise forecast in a Reuters poll of analysts.
Retail sales rose 12.1% from a year earlier in June. Analysts had expected an 11.0% increase after May s 12.4% rise.
Fixed asset investment grew 12.6% in the first six months of the year from the same period a year earlier, versus a forecast 12.1% rise and down from a 15.4% jump in January-May.
China s economy grows more slowly than expected in second quarter
07/15/2021 2:09
BEIJING (Reuters) - China s economy grew more slowly than expected in the second quarter, official data showed on Thursday, as higher raw material costs hurt factory activity and new COVID-19 outbreaks curbed consumer spending.
Gross domestic product (GDP) expanded 7.9% in the April-June quarter from a year earlier, compared with 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, data releases in recent months have pointed to some loss of momentum. Investors are watching to see if the central bank is shifting to an easier policy stance after it announced last week it would cut the amount of cash th
By Kevin Yao and Gabriel Crossley BEIJING (Reuters) -China s economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new COVID-19 outbreaks weighed on the recovery momentum. Gross domestic product (GDP) 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. June activity data slowed from the month before but beat expectations.
Above-forecast retail sales, industrial output offer some relief Sharp fall in auto production weighs on industrial output China s all-important housing market shows signs of cooling
By Kevin Yao and Gabriel Crossley
BEIJING, July 15 (Reuters) - China s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery.
Gross domestic product (GDP) 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.