China Q2 GDP grew 0.4% on year, vs previous 4.8%

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China’s GDP grew 0.4% in Q2 from a year earlier, according to data released by the National Bureau of Statistics, slowing sharply from 4.8% growth in the previous quarter. That missed expectation for 1% growth by analysts in a Reuters poll.

For the first half of the year, China’s GDP grew by 2.5% from a year earlier, showed the NBS data.