China’s economy grew 6.3 percent year on year in the second quarter, a figure that belies the country’s slowing post-pandemic recovery and one that analysts warn is inflated given the low base of comparison with lockdown-wracked 2022. Beijing’s National Bureau of Statistics (NBS) released the growth data on Monday, saying in a statement that the economy “showed a good momentum of recovery”. “By quarter, the GDP grew by 4.5 percent year on year in the first quarter and 6.3 percent in the second quarter,” NBS spokesman Fu Linghui said. “Market demand gradually recovered, production supply continued to increase, employment and price were generally stable.—AFP
