China's post-pandemic economic rebound loses steam

July 19, 2021 Business
The Chinese economy's sharp rebound from the coronavirus pandemic has now slowed, official figures show.

Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year.

That was less than half the rate seen in the previous quarter and missed economists' forecasts of 8.1% growth.
GDP is one of the most important ways of showing how well, or badly, an economy is doing, BBC reported.

Official figures for June also showed better-than-expected growth for retail sales and industrial production.
Source: Daily-sun - Business News

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