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China’s economy beat expectations with 5.2% GDP growth in the second quarter, buoyed by strong exports and robust industrial output. However, domestic demand remains weak and retail sales have disappointed. Gary Ng, a senior economist at Natixis Corporate & Investment Banking helps us sift through the numbers to see if Beijing can hit its full-year growth target of 5%.
Image Credit: Shutterstock.com
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China’s economy beat expectations with 5.2% GDP growth in the second quarter, buoyed by strong exports and robust industrial output. However, domestic demand remains weak and retail sales have disappointed. Gary Ng, a senior economist at Natixis Corporate & Investment Banking helps us sift through the numbers to see if Beijing can hit its full-year growth target of 5%.
Image Credit: Shutterstock.com
See omnystudio.com/listener for privacy information.
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