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China’s Second-Quarter GDP Defies Fears of a Slowdown With 6.9% Growth

July 17, 2017

Via: Fortune
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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% 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% in the April-June quarter.

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