Chinese GDP in the second quarter grows by 5.2%, leading market expectations

In the second quarter, China’s economy grew on a slow clip when trade tensions from the United States have launched an economy that has already died in deflation and a long -term decline in housing, increasing Beijing pressure to activate the growth incentive.

In the second quarter, China’s gross domestic product increased by 5.2%, the National Bureau of China reports on Monday, slightly beating the estimates of Economists Reuters in 5.1% and slows down from slowing down and slow 5.4% in the first quarter.

In June, retail growth has slowed down to 4.8% compared to a year, compared to growth by 6.4% last year in May. This figure also disappointed the forecast of Reuters economists at 5.4%.

Industrial production increased by 6.8% compared to the average estimates of 5.7%.

In the first half of this year, investments on fixed assets increased by 2.8% compared to estimates by 3.6% in the Reuters survey.

Unemployment at the city level remained at 5% in June, after it touched up to a two -year high of 5.4%.

In April, US President Donald Trump increased tariffs for Chinese imports up to an exorbitant 145%that push Circle Beijing measures, including financial support for exporters fighting for adoption of orders, subsidies for companies that hire fresh graduates and permanent expansion Program Trading Consumer Products To Increase Demand.

In May, both sides reached a truce, agreeing to roll back to most of their tariffs. Later their relevant negotiation participants outlined after meeting in London in June, which provides for accelerating China to approve rare grounded minerals and Washington, which return to their Beijing’s access restriction

Beijing faces the term of August 12 to develop a permanent contract with Washington.

Chinese guide in May presented A lot of steps of politics In its application for raising the tariff economy, including decreased interest rates and introducing additional liquidity.

The stimulation measures helped to raise certain aspects of the economy. Both official and private polls showed Improving production Activity.

Exports also remained largely stable in the quarter when the enterprises accelerated to redirect trade to alternative markets. Its related to the US shipment This year declined by 10.9% As of June, while exports to Southeast Asia and the European Union, China is considered to be two largest trading partners – 13% and 6.6% jumped.

This has sent China’s exports to the US to 11.9% in the first half of this year, from 14.1% over the same period last year, reports Customs data released on Monday.

While China’s economy this year remained at all a solid basis, which is subjected to reliable export and supporting measures, economists are largely cautious about more economical winds, urging the guide to launch a fresh fiscal stimulus.

PBOC Hang Yeping Advisor, In report Posted last week with two other economists, the authorities should add up to 1.5 trillion yuan in fiscal incentives to push household costs and displacement from the US tariffs, as well as further interest rates.

While recent economic data suggest that China’s economic growth in the second quarter may be 5%, “deeper indicators such as soft consumer price index, weak indications of the purchase manager, careful dynamics of the loan and increased unemployment of migrant workers for basic fragility,” the economists said.

Structural reforms around China’s financial plans, the pension system and the financial sector are necessary to ensure more balanced and sustainable growth, economists said.

This is conducting the news. Please update updates.