The country’s gross domestic product (GDP) reportedly increased 7.9% in the second quarter from a year ago, the National Bureau of Statistics reported Thursday.
Retail sales rose 12.1% in June from a year ago.
Industrial production grew by 8.3%.
Sustained recovery
China’s economy sustained a steady recovery – the statistics bureau reportedly said. But the bureau added there were still concerns about the global spread of the pandemic and ‘unbalanced’ recovery domestically.
But…
On the face of it these numbers are pretty impressive – they usually are. But in other analysis reported it was said that, China’s slower pace of economic recovery is still clouded with uncertainties and unbalanced growth, as employment, household income, consumption, manufacturing investment, the service sector and private companies have yet to return to pre-pandemic levels.
A way to go yet – but the figures look good.