China's Economy Grew 6.3% On-Year In Second Quarter
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Market demand gradually recovered, production supply continued to increase. Beijing, China: China's economy grew 6.3 percent year-on-year in the second quarter of 2023, official data showed Monday, despite a patchy post-Covid rebound in recent months. Beijing's National Bureau of Statistics said in a statement that the economy "showed a good momentum of recovery". "By quarter, the GDP grew by 4.5 percent year on year in the first quarter and 6.3 percent in the second quarter," NBS spokesman Fu Linghui said. "Market demand gradually recovered, production supply continued to increase, employment and price were generally stable, and residents' income grew steadily," he said. Analysts polled by AFP expected a 7.1 percent rebound. But they had warned the figures would be misleadingly inflated given the low base of comparison with pandemic-wracked 2022. In the same period a year ago, with restrictions such as sudden lockdowns, travel curb