China’s weakest expansion in three years masked a surge in home sales and a jump in investment that show lower interest rates and banks’ reserve requirements may be starting to stabilize growth in the second-largest economy.
China’s economy advanced 7.6 percent in the second quarter from a year earlier while accelerating to a 1.8 percent gain from the previous three months, a government report in Beijing showed yesterday. The value of home sales rose 41 percent in June from May and first-half fixed-asset investment rose 20.4 percent, topping analyst estimates.
