China’s economy grew by 5.3% in the first six months of this year compared to the same period of last year, according to the National Bureau of Statistics (NBS). The expansion comes despite persistent external pressures, particularly escalating trade tensions with the EU and US.
Growth came in at 5.4% in the first quarter before slowing slightly to 5.2% in the second. The latter figure, however, came in slightly ahead of projections for a rise of 5.1%, according to a Reuters poll.
The World Bank expects China’s GDP growth to come in at 4.5% in 2025 and 4.0% in 2026, while the government has set a target of around 5% for this year. Analysts…
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