China’s economy grew 6.7% over the past year, in line with forecasts, but below the 6.8% level in the March quarter.
It was the slowest annual growth rate since the 2016 September quarter.
Monthly data on retail sales and urban fixed asset investment also printed in line with expectations, although industrial output missed badly to the downside.

Chinese economic growth slowed fractionally in the June quarter, as expected.

According to China’s National Bureau of Statistics (NBS), GDP grew by 6.7% from a year earlier — in line with forecasts — maintaining the streak of either meeting or exceeding forecasts by 0.1 percentage points (ppts) in every quarter over the past three years.See the rest of the story at Business Insider

NOW WATCH: This is how moveable prosthetic covers are made for bionic limbs

See Also:

The Chinese imports that will be hit hardest by the new round of proposed US tariffsChina vows to fight back as the trade war escalatesChina’s latest inflation report points to upward pressure on prices around the world

SEE ALSO: The US is set for a trade war with China’s economy – you should know what it’s up against

Read more: