{"id":8253,"date":"2021-07-26T07:00:17","date_gmt":"2021-07-26T07:00:17","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=8253"},"modified":"2021-07-26T05:33:21","modified_gmt":"2021-07-26T05:33:21","slug":"chinas-q2-gdp-data-shows-steady-growth","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/","title":{"rendered":"China’s Q2 GDP data shows steady growth"},"content":{"rendered":"

China\u2019s post-Covid recovery remains strong, although some signs point to increasing downward pressure in the second half of the year<\/h2>\n

The National Bureau of Statistics has announced China\u2019s Q2 GDP data, and while it is less impressive than the 18.3% year-on-year growth<\/a> in the first three months of 2021, the 7.9% year-on-year increase (up to RMB 52.3 trillion) in the second quarter nonetheless indicates a steady recovery.<\/p>\n

\"launchpad<\/a><\/p>\n

It also means that the Chinese government\u2019s own modest 6% growth target for this year will be met, probably with some ease, and that higher estimates by international institutions (IMF: 8.4%; World Bank: 8.5%) remain within reach.<\/p>\n

\"\"<\/p>\n

China’s quarterly GDP growth year-on-year (source: National Bureau of Statistics of China)<\/em><\/p>\n

Other indicators give reason for optimism, too. Both the latest retail and export figures for June exceeded expectations. Retail was up 12.1% year-on-year, exceeding the 11% forecast by Reuters, with beverages the fastest-growing category, up 29.1% year-on-year. Retail sales grew 13.9% from April-June. Despite sporadic outbreaks of Covid-19, overall consumer confidence<\/a> is slowly returning, although some analysts have noted that if domestic consumption does not keep pace with manufacturing, then companies could face inventory and liquidity problems.<\/p>\n

As Focus noted<\/a> earlier this month, in June, exports increased by 32.2% year-on-year, also exceeding expectations. Car exports in June rose by about 50% compared to the same month last year, according to the China Association of Automobile<\/a> Manufacturers. With the global economy yet to recover fully, it is still unclear whether China\u2019s export industry \u2013 and its economy in general \u2013 will receive a further boost from increasing global demand. Indeed, there are suggestions that trade may begin to slow down in the second half of the year as retailers<\/a> rebuild their inventories and consumption patterns normalise. <\/span>In addition, the spread of the highly transmissible Delta variant may lead to further lockdowns, which will hurt demand.<\/span><\/p>\n

\"Launchpad<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s post-Covid recovery remains strong, although some signs point to increasing downward pressure in the second half of the year The National Bureau of Statistics has announced China\u2019s Q2 GDP data, and while it is less impressive than the 18.3% year-on-year growth in the first three months of 2021, the 7.9% year-on-year increase (up to RMB 52.3 trillion) in the second quarter nonetheless indicates a steady recovery. It also means…<\/p>\n","protected":false},"author":26,"featured_media":8260,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[132],"tags":[367,336,137],"class_list":["post-8253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-economy","tag-gdp","tag-trade"],"yoast_head":"\nChina's Q2 GDP data shows steady growth - Focus - China Britain Business Council<\/title>\n<meta name=\"description\" content=\"China\u2019s Q2 GDP data shows a 7.9% year-on-year increase, although signs point to increasing downward pressure in the second half of 2021\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's Q2 GDP data shows steady growth - Focus - China Britain Business Council\" \/>\n<meta property=\"og:description\" content=\"China\u2019s Q2 GDP data shows a 7.9% year-on-year increase, although signs point to increasing downward pressure in the second half of 2021\" \/>\n<meta property=\"og:url\" content=\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Focus - China Britain Business Council\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/chinabritainbusinesscouncil\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-26T07:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lise Bertelsen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ChinaBritain\" \/>\n<meta name=\"twitter:site\" content=\"@ChinaBritain\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lise Bertelsen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\"},\"author\":{\"name\":\"Lise Bertelsen\",\"@id\":\"https:\/\/focus.cbbc.org\/#\/schema\/person\/3aee7beebc2b97ea37055dadc3adf688\"},\"headline\":\"China’s Q2 GDP data shows steady growth\",\"datePublished\":\"2021-07-26T07:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\"},\"wordCount\":308,\"publisher\":{\"@id\":\"https:\/\/focus.cbbc.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg\",\"keywords\":[\"economy\",\"GDP\",\"Trade\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\",\"url\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\",\"name\":\"China's Q2 GDP data shows steady growth - Focus - China Britain Business Council\",\"isPartOf\":{\"@id\":\"https:\/\/focus.cbbc.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg\",\"datePublished\":\"2021-07-26T07:00:17+00:00\",\"description\":\"China\u2019s Q2 GDP data shows a 7.9% year-on-year increase, although signs point to increasing downward pressure in the second half of 2021\",\"breadcrumb\":{\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage\",\"url\":\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg\",\"contentUrl\":\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg\",\"width\":1000,\"height\":668},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/focus.cbbc.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China’s Q2 GDP data shows steady growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/focus.cbbc.org\/#website\",\"url\":\"https:\/\/focus.cbbc.org\/\",\"name\":\"CHINA-BRITAIN BUSINESS FOCUS\",\"description\":\"FOCUS is the content arm of The China-Britain Business Council\",\"publisher\":{\"@id\":\"https:\/\/focus.cbbc.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/focus.cbbc.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/focus.cbbc.org\/#organization\",\"name\":\"CBBC\",\"url\":\"https:\/\/focus.cbbc.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/focus.cbbc.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2020\/05\/Asset-1.svg\",\"contentUrl\":\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2020\/05\/Asset-1.svg\",\"width\":1,\"height\":1,\"caption\":\"CBBC\"},\"image\":{\"@id\":\"https:\/\/focus.cbbc.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/chinabritainbusinesscouncil\",\"https:\/\/x.com\/ChinaBritain\",\"https:\/\/www.linkedin.com\/company\/china-britain-business-council\/\",\"https:\/\/en.wikipedia.org\/wiki\/China\u2013Britain_Business_Council\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/focus.cbbc.org\/#\/schema\/person\/3aee7beebc2b97ea37055dadc3adf688\",\"name\":\"Lise Bertelsen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/focus.cbbc.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cbdf5da56de60db0af4ff1fdadaa03aff07327c4bfd868c358183b405231ef06?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cbdf5da56de60db0af4ff1fdadaa03aff07327c4bfd868c358183b405231ef06?s=96&d=mm&r=g\",\"caption\":\"Lise Bertelsen\"},\"url\":\"https:\/\/focus.cbbc.org\/author\/lise-bertelsen\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China's Q2 GDP data shows steady growth - Focus - China Britain Business Council","description":"China\u2019s Q2 GDP data shows a 7.9% year-on-year increase, although signs point to increasing downward pressure in the second half of 2021","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/","og_locale":"en_GB","og_type":"article","og_title":"China's Q2 GDP data shows steady growth - Focus - China Britain Business Council","og_description":"China\u2019s Q2 GDP data shows a 7.9% year-on-year increase, although signs point to increasing downward pressure in the second half of 2021","og_url":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/","og_site_name":"Focus - China Britain Business Council","article_publisher":"https:\/\/www.facebook.com\/chinabritainbusinesscouncil","article_published_time":"2021-07-26T07:00:17+00:00","og_image":[{"width":1000,"height":668,"url":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg","type":"image\/jpeg"}],"author":"Lise Bertelsen","twitter_card":"summary_large_image","twitter_creator":"@ChinaBritain","twitter_site":"@ChinaBritain","twitter_misc":{"Written by":"Lise Bertelsen","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#article","isPartOf":{"@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/"},"author":{"name":"Lise Bertelsen","@id":"https:\/\/focus.cbbc.org\/#\/schema\/person\/3aee7beebc2b97ea37055dadc3adf688"},"headline":"China’s Q2 GDP data shows steady growth","datePublished":"2021-07-26T07:00:17+00:00","mainEntityOfPage":{"@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/"},"wordCount":308,"publisher":{"@id":"https:\/\/focus.cbbc.org\/#organization"},"image":{"@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg","keywords":["economy","GDP","Trade"],"articleSection":["News"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/","url":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/","name":"China's Q2 GDP data shows steady growth - Focus - China Britain Business Council","isPartOf":{"@id":"https:\/\/focus.cbbc.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage"},"image":{"@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg","datePublished":"2021-07-26T07:00:17+00:00","description":"China\u2019s Q2 GDP data shows a 7.9% year-on-year increase, although signs point to increasing downward pressure in the second half of 2021","breadcrumb":{"@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#primaryimage","url":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg","contentUrl":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/shutterstock_680060608.jpg","width":1000,"height":668},{"@type":"BreadcrumbList","@id":"https:\/\/focus.cbbc.org\/chinas-q2-gdp-data-shows-steady-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/focus.cbbc.org\/"},{"@type":"ListItem","position":2,"name":"China’s Q2 GDP data shows steady growth"}]},{"@type":"WebSite","@id":"https:\/\/focus.cbbc.org\/#website","url":"https:\/\/focus.cbbc.org\/","name":"CHINA-BRITAIN BUSINESS FOCUS","description":"FOCUS is the content arm of The China-Britain Business Council","publisher":{"@id":"https:\/\/focus.cbbc.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/focus.cbbc.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/focus.cbbc.org\/#organization","name":"CBBC","url":"https:\/\/focus.cbbc.org\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/focus.cbbc.org\/#\/schema\/logo\/image\/","url":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2020\/05\/Asset-1.svg","contentUrl":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2020\/05\/Asset-1.svg","width":1,"height":1,"caption":"CBBC"},"image":{"@id":"https:\/\/focus.cbbc.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/chinabritainbusinesscouncil","https:\/\/x.com\/ChinaBritain","https:\/\/www.linkedin.com\/company\/china-britain-business-council\/","https:\/\/en.wikipedia.org\/wiki\/China\u2013Britain_Business_Council"]},{"@type":"Person","@id":"https:\/\/focus.cbbc.org\/#\/schema\/person\/3aee7beebc2b97ea37055dadc3adf688","name":"Lise Bertelsen","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/focus.cbbc.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cbdf5da56de60db0af4ff1fdadaa03aff07327c4bfd868c358183b405231ef06?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cbdf5da56de60db0af4ff1fdadaa03aff07327c4bfd868c358183b405231ef06?s=96&d=mm&r=g","caption":"Lise Bertelsen"},"url":"https:\/\/focus.cbbc.org\/author\/lise-bertelsen\/"}]}},"_links":{"self":[{"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/posts\/8253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/comments?post=8253"}],"version-history":[{"count":0,"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/posts\/8253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/media\/8260"}],"wp:attachment":[{"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/media?parent=8253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/categories?post=8253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focus.cbbc.org\/wp-json\/wp\/v2\/tags?post=8253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}