China’s economy grew by 7.5 per cent in the second quarter, topping expectations and suggesting stimulus efforts to stabilise growth have succeeded in offsetting the impact of a weak property market.
Jitters over slowing growth and faultlines in the world’s second-biggest economy have been percolating through markets, but the second-quarter figure came bang on Beijing’s target for annual growth this year.
China has sought to stimulate growth through a series of measures, including infrastructure spending and lifting bank lending.
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