Economics

China’s More Balanced Recovery Gives Support to Global Rebound

Industrial output, retail sales beat estimates in June
PBOC provides liquidity support to spur lending in economy

WATCH: Helen Qiao of BofA Global Research discusses what the GDP figures say about the state of the world's second-largest economy.(Source: Bloomberg)

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By Bloomberg News

July 15, 2021 at 2:00 AM UTC

Updated on

July 15, 2021 at 7:17 AM UTC

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China’s economic rebound steadied in the second quarter and showed more balance as consumer spending picked up, providing support to a global recovery being shaken by resurging coronavirus cases.