Economy grows by 7.9 percent

Chinese GDP is coming down from the extreme growth of the post-Corona shock phase. In the quarter from April to June, growth was 7.9 percent. In the previous quarter, it was 18.3 percent, but this should be seen as an outlier. For the first half of the year, the year-on-year figure is 12.7 per cent. In its release Thursday, the National Bureau of Statistics called it a „steady recovery“ from the pandemic conditions. Growth had slumped 9.8 percent in the first quarter of Corona’s 2020 year.