China’s Second Quarter GDP Growth Exceeded Expectations

China’s economy improved greater than anticipated for the second quarter at a faster pace since both the industrial output and the consumption gains momentum and robust investments. Although the analysts anticipated a sluggish growth for the rest of the year as policymakers look for means to curb financial risks.

Statistically, the economy rose by 6.9 percent in the second quarter compared last year which has a similar rate as the first quarter according to the National Bureau of Statistics on Monday. It soared 1.7 percent from 1.3 percent in the first quarter which is still on track with the expectations. The economy is anticipated to advance by 6.8 percent in the second quarter of the year, as surveyed from analyst by Reuters.