China's Q2 GDP Grows 4.3% YoY, Industrial Output Accelerates to 5.3% in June

According to China's National Bureau of Statistics, the country's second-quarter GDP grew 4.3% year-over-year, with first-half growth reaching 4.7%. Industrial output accelerated in June, rising 5.3% from a year earlier, led by the computer, communications and electronic equipment manufacturing sector, which surged 15.7%. Retail sales also recovered, with June social consumer retail sales increasing 1% year-over-year compared to the prior month, while first-half retail sales rose 1.3%.
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