China Q2 GDP growth slowest in 3 years

Last updated 15:26 13/07/2012

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China's economy grew 7.6 per cent in the April-June quarter from a year earlier, the National Bureau of Statistics said on Friday, the slowest pace since the January-March quarter of 2009 and in line with market expectations for a 7.6 per cent rise.

It marks the sixth consecutive quarter of slower growth and compared with an annual growth of 8.1 per cent in the first three months of 2012.

Other data released alongside GDP revealed fixed asset investment growth was 20.4 per cent in the year to June versus the 20.1 per cent forecast in the benchmark Reuters poll, while retail sales in June were up 13.7 per cent on a year ago versus May's 13.8 per cent and industrial output grew 9.5 per cent versus expectations of 9.8 per cent.

- Reuters

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- © Fairfax NZ News

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