The Chinese economy grew during the second quarter of 2021 by 7.9 percent compared to the same period last year, although it came below expectations.
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The National Statistics Office said in a statement on Thursday that the growth came in less than analysts’ expectations, which we’re referring to 8.1 percent, and well below the rate recorded in the first quarter of 18.3 percent.
Fears returned to the global economy in the second quarter of 2021 with the spread of the Indian coronavirus “Delta”, the re-imposition of restrictions on many facilities around the world, and the closure of large areas in India, Japan, South Korea, and France.
Quarterly, the world’s second-largest economy grew by 1.3 percent during the second quarter.
While expectations were for a growth of 1.2 percent, after a growth of 0.6 percent during the first quarter of 2021.
In the year to the end of last June, industrial output in China rose by 8.3 percent, while expectations were for a growth of 7.8 percent.
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Investment in fixed assets until the end of last June increased by 12.6 percent year on year.
In contrast, retail sales increased in June by 12.1 percent, more than expectations, which was 11 percent.
