China's Economic Resilience Shines Amid Global Challenges
China's economy grew by 5.2% in the second quarter, surpassing analyst predictions and showcasing strength against U.S. tariffs. This growth is part of a broader trend, with China aiming for 5% growth this year. Despite global challenges, policy support and trade truces have helped sustain stability.
- Country:
- China
China's economy demonstrated unexpected strength in the second quarter, registering a 5.2% growth compared to the same period last year, according to official data released on Tuesday. This figure not only surpassed analysts' expectations of a 5.1% increase but also indicated resilience amid ongoing U.S. tariffs.
The National Bureau of Statistics reported a quarterly GDP growth of 1.1% for April-June, exceeding the forecasted 0.9% and near the previous quarter's 1.2% rise. China's leadership has set a full-year growth target close to 5%.
Despite facing potential difficulties such as slowing exports, reduced consumer confidence, and a lingering property downturn, the world's second-largest economy remains buoyant. This is attributed to effective policy measures and a delicate trade truce with the United States, offering a bastion of stability amid erratic global economic currents.
(With inputs from agencies.)
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