China's Q2 GDP Growth Falls Short at 4.7%

MUMBAI, 15 July (Commoditiescontrol):China's Q2 GDP grew by 4.7% year-on-year, missing the 5.1% forecast. This follows a previous growth rate of 6.0%, down from 6.2%. For the first half of the year, GDP increased by 5.0%, below the expected 5.2%.

June retail sales rose 2.0%, falling short of the 3.3% estimate, while industrial growth exceeded expectations at 5.3% compared to the forecasted 5.0%. Fixed asset investment from January to June matched predictions at 3.9%. The June unemployment rate held steady at 5.0%.

The data reveals a mixed economic outlook, with lower-than-expected growth and consumer spending potentially prompting further policy measures to stimulate the economy.

(By Commoditiescontrol Bureau; +91 98201 30172)