The Chinese economy achieved 3.2% growth in the second quarter compared to the same period a year ago, in light of the end of the measures of general isolation and the intensification of policy makers of incentive measures to face the effects of the Corona crisis .
According to Reuters, the pace of growth seemed faster than 2.5%, in the expectations of analysts polled by Reuters, and it comes after a significant decline of 6.8 percent in the first quarter, which is the first contraction Of its kind since at least 1992, when quarterly GDP data was started.
The National Bureau of Statistics said that the economy declined 1.6 percent in the first six months of the year on an annual basis.
The world's second largest economy has slowly recovered in the past two months, although the recovery from the pandemic's decline has been uneven. The government has implemented a range of measures, including increased financial spending, tax relief and lower interest rates for lending and bank reserve requirements to revitalize the economy hit by the Coruna virus and support employment.
On a quarterly basis, the Statistics Office said that gross domestic product increased 11.5 percent from April to June, compared to expectations for a 9.6 percent rise and a 9.8 percent drop in Previous quarter.
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