China Q2 GDP: 6.9% y/y (expected 6.8%)

Author: Eamonn Sheridan | Category: News

April to June gross domestic product data from China

6.9% for a beat
  • expected 6.8%, Q1 6.9%
1.7% q/q (sa) in line and well ahead of Q1 growth
  • expected 1.7%, prior 1.3%
YTD GDP 6.9% y/y
  • expected 6.8%, prior 6.9% 
Comments from China's stats department after the data:
  • Economy continues steady, improving momentum in first half of 2017
  • H1 economic growth lays a solid foundation for achieving the full-year GDP target
  • Economy still faces uncertainties - international uncertainties, domestic structural problems

Note: The GDP target this year is 'around 6.5%' (last year  GDP was growth of 6.7%)