China's economy registered a faster-than-expected growth in the second quarter with strong support from exports and industrial production despite the US trade tariff threats but weaker investment and persistent deflation continued to pose challenges.
Gross domestic product expanded 5.2 percent on a yearly basis after rising 5.4 percent in the previous quarter, the National Bureau of Statistics said. Nonetheless, the growth was above economists' forecast of 5.0 percent.
For the first half of the year, GDP expanded 5.3 percent from the same period last year, signaling that the economy remains on track to achieve its full year growth target of around 5 percent.
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by Renju Jaya
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