Economic Buzz: Chinas Economy Grows Slowly By 0.4% In Q2 2022

15 Jul 2022 , 11:43 AM

Chinas economy expanded at a much slower pace in the second quarter. Gross domestic product grew only 0.4 percent on a yearly basis in the second quarter, following the first quarters 4.8 percent expansion. In June, industrial production growth improved to 3.9 percent from 0.7 percent. Retail sales advanced 3.1 percent annually, reversing the 6.7 percent fall in May. During the January to June period, fixed asset investment logged an annual growth of 6.1 percent. Powered by Commodity Insights