The annualized figures for China’s GDP for the second quarter of 2021 reached 7.9% compared to the expected 8.1% and the previous 18.3%, with quarter-on-quarter reading at 1.3% vs. 1.2% expected and the previous 0.6%.
As to retail sales, the figure was 12.1% versus 11.0% expected and the previous 12.4%, with industrial production at 8.3% compared to the 7.8% expected and the previous 8.8%.
For its part, investment in fixed assets stood at 12.6%, compared to the 12.1% forecast and the previous 15.4%.
Additional details
China’s GDP first semester: + 12.7% year-on-year.
Average growth of China’s GDP in the second quarter: + 5.5%.
China revises the GDP of the first quarter of 2021 to + 0.4% quarter-on-quarter versus alb + 0.6% previously.
Investment in fixed assets of the private sector in the first half: + 15.4% year-on-year.
Investment in infrastructure in the first semester: + 7.8% year-on-year.
National unemployment rate based on June surveys: 5.0%.
National unemployment rate based on June surveys in 31 major cities: 5.2%.
The Chinese economy created 6.98 million urban jobs in January-June.
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