Tuesday March 31, 2020

Lending and spending lift Chinese growth

6.7 per cent second-quarter figure beats expectations

15th July, 2016
Chinese growth on track to hit government target Pic Getty

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.

Industrial...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago