By  on July 17, 2017
China's economic growth held steady in the latest quarter, boosted by unexpectedly strong trade and consumer spending, despite fears tighter lending controls aimed at cooling a surge in debt are weighing on commercial activity.

HONG KONG — Chinese gross domestic product grew 6.9 percent in the second quarter, the National Bureau of Statistics (NBS) said Monday. This was equivalent to the rate it grew in the first three months of the year, and slightly above analysts’ forecast for a 6.8 percent increase.

June retail sales and factory output both surpassed expectations, growing 11 percent and 7.6 percent, respectively.

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