China's Q2 GDP Growth Rate at 6.3%... Below Expectations
China's GDP growth rate for the second quarter significantly underperformed expectations, showing a sluggish trend.
On the 17th, the National Bureau of Statistics of China announced that the country's GDP growth rate for the second quarter of this year was 6.3% year-on-year. The market had anticipated a growth rate in the 7% range for the second quarter of this year, considering that the GDP growth rate was only 0.4% in the second quarter of last year due to the Shanghai lockdown.
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The quarter-on-quarter growth rate recorded 0.8%, down from 2.2% in the first quarter. The market had expected around 0.5%.
This content was produced with the assistance of AI translation services.
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