Second Quarter GDP Growth at 7.6% YoY

Source: National Bureau of Statistics, ChinaScope Financial (Data)

+       Data released by the National Statistics Bureau today shows that China’s GDP grew at 7.6% in 2012 Q2 equivalent to a seasonally adjusted quarter-on-quarter growth of 1.8 %.

+       Industrial value added grew at 9.5% year-on-year in June, up 0.76 ppt. on May.

China’s economy expanded at only 7.6% YoY in Q2, the slowest pace in three years. The CSF leading economic indicator bottomed in May, indicating that some economic improvement can be expected in August-September.

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