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.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team