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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".