Asian Economic News

China GDP Up 7.5% On Year In Q2

China's gross domestic product expanded 7.5 percent on year in the second quarter of 2013, the government said on Monday - matching forecasts and slowing from 7.7 in the previous quarter.

On a quarterly basis, GDP added 1.7 percent - missing expectations for 1.8 percent but up from 1.6 percent in Q1.

Also, industrial production was up 8.9 percent on year in June, shy of forecasts for 9.1 percent and down from 9.2 percent in May.

Retail sales jumped an annual 13.3 percent, beating expectations for a 12.9 percent increase - which would have been unchanged from the previous month.

Fixed-asset investment for the period of January to June was up 20.3 percent on year versus expectations for 20.2 percent and down from 20.4 percent in the month prior.

by RTTNews Staff Writer

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