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China Q2 GDP growth tops forecasts on strong investment, consumption

Reuters  |  BEIJING 

By Elias Glenn and Kevin YaoBEIJING (Reuters) - China's economy grew faster than expected in the second quarter as industrial output and consumption picked up and investment remained strong, though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk.The economy grew 6.9 percent in the second quarter from a year earlier, the same rate as the first quarter, the National Bureau of Statistics said on Monday. Analysts polled by Reuters had expected the economy to expand 6.8 percent in the April-June quarter.On a quarterly basis, growth picked up to ...

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First Published: Mon, July 17 2017. 11:44 IST