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China s economic recovery loses some steam, investors eye more policy easing
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The Chinese economy is growing slower than expected in the second quarter, according to Reuters
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L économie chinoise progresse plus lentement que prévu au T2
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China’s economic growth to more than halve in second quarter, more policy support seen
China’s economic growth likely slowed in the second quarter, as higher raw material costs hurt factories and new COVID-19 outbreaks weighed on consumer spending, a Reuters poll showed, suggesting policymakers may do more to support growth.
Gross domestic product (GDP) likely increased 8.1per cent year-on-year in the April-June quarter, according to the median forecasts of 51 economists polled by Reuters.
That would mark a significant slowdown from a record 18.3per cent 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.
Kevin Yao
4 minute read
Summary
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=CNINTQP Lending rate poll
China Q2 GDP seen growing 8.1% y/y, vs Q1 s 18.3%
China 2021 growth seen at 8.6%, 2022 growth at 5.5%
Q2 GDP, June activity data due July 15 at 0200 GMT
BEIJING, July 13 (Reuters) - China s economic growth likely slowed in the second quarter, as higher raw material costs hurt factories and new COVID-19 outbreaks weighed on consumer spending, a Reuters poll showed, suggesting policymakers may do more to support growth.
Gross domestic product (GDP) likely increased 8.1% year-on-year in the April-June quarter, according to the median forecasts of 51 economists polled by Reuters.