Lending and spending lift Chinese growth
6.7 per cent second-quarter figure beats expectations
China’s economy stabilised in the second quarter of 2016 as lending and consumer spending perked up late in the June quarter, suggesting the world’s second-largest economy is responding to stepped up government support.
Gross domestic product rose 6.7 per cent from a year earlier, compared with 6.6 per cent expected by economists Bloomberg surveyed and in line with the government’s growth target of at least 6.5 per cent for the full year.
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