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China's economy grew by 5.2% in the second quarter, beating analysts' forecasts of 5.1%, but slowing from 5.4% in the first quarter. This brings the country closer to the annual target of 5%, reducing pressure on the authorities on the issue of stimulus measures. However, concerns about deflation and the need for structural reforms are growing. Retail sales in June slowed to 4.8% year-on-year, compared with 6.4% in May, which missed expectations for growth to 5.4%. Sales in public catering, which includes food and drinks, increased by only 0.9%, the lowest since December 2022. Industrial production increased by 6.8%, exceeding forecasts of 5.7%. Investments in fixed assets increased by 2.8% over the past six months, falling short of the expected 3.6%. The decline in real estate investment accelerated to 11.2%, compared with 10.7% in the first five months. The pace of investment in infrastructure and manufacturing has also weakened.
Scheduled maintenance will be performed on the server in the near future.
We apologize in advance if the site becomes temporarily unavailable.
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
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