Jul 15, 2021 - World

China sees moderate Q2 GDP growth

Oriana González

Picture of a Chinese woman sitting on steps next to a car and an empty delivery cart — A delivery worker rests outside mall in Beijing on Julu 15. Photo: WANG ZHAO/AFP via Getty Images

China's GDP grew 1.3% in the second quarter of 2021, faster than the 0.6% growth it saw in the previous quarter, according to the National Bureau of Statistics of China.

State of play: Compared with the second quarter from last year, the country's economy grew 7.9% in the April to June period. That's less than half of the 18.3% year-over-year growth the nation saw during the first quarter of 2021, per the South China Morning Post.

On the other hand, retail sales grew faster than expected at 12.1% year-over-year, compared with an 11% estimate by Reuters.

What they're saying: "Generally speaking, the national economy in the first half year continued to recover steadily with the sound growth momentum consolidated," the NBSC said.

But the bureau noted that "the economic recovery is unbalanced and more efforts are needed to consolidate the foundation for the steady recovery of the development."

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China sees moderate Q2 GDP growth

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