China’s second quarter growth meets expectations at 6.7%

Source: BBC News

China’s economy grew at an annual pace of 6.7% in the three months to June, official data showed, meeting forecasts for the period.

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That marked a slight slowdown from a 6.8% expansion recorded in the previous quarter.

The data comes as the government attempts to curb growing debt and as trade tensions with the US escalate.

The US raised the stakes in a trade war last week, listing another $200bn worth of Chinese goods to be hit by tariffs.

Chinese stock markets, which have struggled recently amid the escalating trade dispute between the US and China, traded down slightly on Monday.

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