China's economy slows in second quarter: AFP survey

Crude Surge

China's coal production rose 10.6 percent to 308 million tonnes in June from a year ago, data showed on Monday, as miners ramped up output to meet a pick-up in demand during the hot summer months, data from the National Statistics Bureau showed.

Industrial output, which rose 7.6% from the same period a year ago, paced the GDP gains, while an 11% surge in retail sales underscored the strength of the domestic consumer economy.

Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan.

In terms of quarterly rates of change, GDP picked up from 1.3% to 1.7%.

Despite growing concerns about China's financial risks, Premier Li Keqiang said last month that the country could reach this year's economic growth targets.

On a quarterly basis, China's growth improved to 1.7% in Q2 compared to previous year.

Artificial sweetners may lead to weight gain
Both types of studies have their pluses and limitations. "I used to be a person who put Splenda in my coffee every day", she says. But that's a very different message than outright recommending sweeteners for weight loss or better health, she says.

While growth in the high-flying property sector has cooled this year, a rebound in exports after several years of decline has helped prevent any broader slowdown in China's economy.

Investment, the biggest single component of economic growth in recent years, rose by 8.6% in the first half of the year, but that was down from 0.6% from the first quarter's expansion. "Very little supply-side reform and restructuring have been done in the first half".

Deducting inflation, the growth was 7.3 percent, exceeding the country's GDP growth of 6.9 percent for January-June, according to data from the National Bureau of Statistics (NBS).

So far, this monetary tightening has not affected actual progress with private investment picking up led by New Economy parts of China which is showing great development in the tech side translating into strong growth.

Chinese economic growth topped expectations yet again in the June quarter with GDP expanding 6.9% from a year earlier.

Related News:



Most liked

Musk Gives Ominous Warning About AI, Asserts Regulation Is Needed
That, in the past, has been bad, but not something which represented a fundamental risk to the existence of civilisation... The tech billionaire outlined some of the hypothetical situations in which AI could prove to be a threat .

Where Does The Mosaic Company (MOS) Stock Go From Here?
HighPoint Advisor Group LLC bought a new position in shares of Mosaic Company (The ) during the fourth quarter valued at $748,000. The Mosaic Company, launched on March 25, 2004, is a producer and marketer of concentrated phosphate and potash crop nutrients.

1.2 million Accords face fire risk from faulty battery sensors — Honda recall
The 2018 Honda Accord has been unveiled in the United States , making its global debut in the automotive market. In the cabin, Honda promises a more premium interior design, feel and finish, while new tech appears as well.

Guj HC junks Essar Steel plea against RBI's insolvency order
They will take a decision in a day or to as time is a critical factor in this. The steel company's debt has increased to over Rs 42,000 crore.

Jeremy Meeks & Really Rich Girlfriend Spotted Hangin' in Hollywood
Fans fell in love with the former criminal and his good looks after his California mugshot went viral in 2014. She also shared a telling Instagram that read: 'Better to be slapped with the truth than kissed with a lie'.

West Indies depart Women's World Cup with heavy defeat against England
England will now head into the semi-finals on the back of a sixth straight victory, while West Indies will return home. India confirmed their place in the semi-finals with a 186-run win over New Zealand at Derby.

Passengers evacuated from plane after someone 'passed gas'
The flight landed at the airport around 4 pm, and, after all the commuters were taken off the flight, an investigation followed. Authorities later said the incident was a "medical call" and directed all questions to Wake County Emergency Medical Service.

Federer into 11th Wimbledon final; faces Cilic for 8th title
Martin is still recovering from last Sunday's crash and expects that his sensations will continue to improve as time passes. In kph, the average speed of stage victor Bauke Mollema in the last 30km of the stage after the Dutchman went solo.

Cathay General Bancorp (CATY) Position Raised by SG Americas Securities LLC
The Company's divisions include Flight Systems Group, Defense Systems Group, Space Systems Group and Corporate. Com Commercial Bank holds 0.01% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 18,815 shares.

New loan move agreed for Chelsea's Van Ginkel
Chelsea and PSV Eindhoven have reached an agreement for Marco van Ginkel to return to the Dutch club on another season-long loan. He has spent time on loan with AC Milan and Stoke, before joining PSV on loan for the first time in January 2016.

Is Chance The Rapper Responsible For Saving SoundCloud?
But an announcement by the CEO and tweets from a musician who made their start on SoundCloud suggest a different story. "Not in 50 days, not in 80 days or anytime in the foreseeable future".

Donald Trump has lowest approval ratings of any U.S. president in history
Thirty-eight per cent of those surveyed believe Trump is making significant progress towards his goals, while 55% feel he is not. However, 48 percent "disapprove strongly" of his performance overall, a level never reached by his two Democratic predecessors.

New Street Fighter V Character Announced: Abigail from Final Fight
Starting with Street Fighter 5 , the next DLC character will be Abigail from Final Fight ( Capcom's Double Dragon knock-off). Ibuki's retro costume is also inspired by her Street Fighter III design, while Juri follows her look from Street Fighter IV.

Top 26-year-old only wants to sign for Liverpool this summer
It remains to be seen whether Van Dijk's apparent desire to move to Anfield will secure him a move to Merseyside this summer. Last summer, Liverpool didn't make any other deals after July 22, but Klopp realizes this is not possible this year.

Slight growth in house prices in July: Rightmove
The Bank of England is also debating whether to raise interest rates to keep inflation in check. The annual rate of price gains was nearly 8 per cent in May a year ago .