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China's economic growth at 7.5% in April to June period | China's economic growth at 7.5% in April to June period |
(35 minutes later) | |
China's economic growth slowed in the April to June period, the second straight quarter of weaker expansion. | China's economic growth slowed in the April to June period, the second straight quarter of weaker expansion. |
The economy grew by 7.5% compared to the previous year, down from 7.7% in the January to March period, data showed. | The economy grew by 7.5% compared to the previous year, down from 7.7% in the January to March period, data showed. |
The numbers were in line with analyst expectations. | The numbers were in line with analyst expectations. |
After decades of blistering growth in China, analysts say authorities now seem ready to accept a slower pace of expansion. | After decades of blistering growth in China, analysts say authorities now seem ready to accept a slower pace of expansion. |
The data showed that weak trade data and actions by authorities to reign in bank lending contributed to the slower growth. | |
"These figures are not surprising, adding to signs of downward pressure on China's economy," said Zhou Hai from ANZ Bank in Shanghai. | |
A spokesperson for the National Bureau of Statistics said: "Major indicators are within our targeted range but we face a complex situation". |