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Market Update

China's Growth Slows to 7.5%, Industrial Production Slowest Since 2009


Author: Devan Biswas
ticker.com
Last Update: 11:00 AM ET July 15 2013

Economy in the second quarter to June expanded at 7.5% after growing at 7.7% in March quarter, National Bureau of Statistics said today.

Industrial production increased 8.9% in June from a year ago and the increase was the slowest since 2009.

Retail sales in June increased 13.3% from a year ago after rising at 12.9% in May. Fixed asset investments excluding rural households surged 20.1% in the six months to June from a year ago.

China has been engineering soft landing and slowing economic growth momentum by restricting lending and curbing excessive residential construction.

China is expected to slow growth to 7% next year and the economy is expected to grow at 7.4% in the current year.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc