Economics
China Growth Steadies on Consumer, Dimming Stimulus Expectations
- Retail sales and factory output beat estimates in June
- Nomura raises 2016 GDP growth forecast to 6.5% from 6%
China's Economy: Complex and Grim?
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China’s growth stabilized as lending and consumer spending picked up, suggesting the economy is responding to stepped up policy support.
Gross domestic product rose 6.7 percent in the second quarter from a year earlier, compared with 6.6 percent seen by economists Bloomberg surveyed and in line with the government’s growth target of at least 6.5 percent for the full year. Industrial output and retail data for June beat estimates, investment slowed, and a report from the central bank showed the broadest measure of new credit beat all 29 analyst forecasts.