China Grows 7.5% in Q2

China’s growth picked up momentum in the second quarter, buoyed by a raft of stimulus measures unleashed by the government in recent months to support the world’s second largest economy.

The country’s gross domestic product (GDP) grew 7.5 percent in the second quarter from the year-ago period, beating a broad consensus estimate of 7.4 percent and coming after the 7.4 percent expansion in the first quarter.

Quarter on quarter growth clocked in at 2 percent, versus the 1.8 percent forecast and following the 1.4 percent growth in the previous quarter.

Beijing also released a raft of other data which beat forecasts: June industrial output rose 9.2 percent on-year, better than the 9 percent consensus, while fixed asset investment grew 17.3 percent in the January-June period, a tad better than the forecast for 17.2 percent growth.
Retail sales for June came in line, up 12.4 percent on an annual basis.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza