A McDonald’s delivery worker walks past pig statues outside an art museum in Beijing on July 10, 2021.
Jade Gao | AFP | Getty Images
BEIJING – China reported GDP growth slightly below expectations in the second quarter, while retail sales and industrial production grew faster than forecast.
The country’s gross domestic product rose 7.9% year over year in the second quarter, the National Bureau of Statistics said on Thursday. That fell short of the Reuters estimate of 8.1% for the period April to June.
In the first quarter, GDP grew by 18.3%, compared to a decline a year ago. That was an increase of 0.6% from the last quarter of 2020.
Retail sales rose 12.1% year over year in June, more than Reuters’ forecast 11%.
Retail sales growth lagged that of the economy as a whole and fell short of analysts’ expectations for the first two months of the second quarter.
Industrial production grew 8.3%, more than the 7.8% Reuters estimate.