BEIJING (Reuters) -China’s economy grew 5.2% in the second quarter from a year earlier, official data showed on Tuesday, beating analysts’ expectations by a touch and showing resilience in the face of U.S. tariffs.
Analysts polled by Reuters had forecast second-quarter gross domestic product (GDP) would expand 5.1% from a year earlier, slowing from the first-quarter’s 5.4% pace.
China has set a full-year growth target of around 5%.
On a quarterly basis, GDP grew 1.1% in April-June, the National Bureau of Statistics data showed, compared with a forecast 0.9% increase and a 1.2% gain in the previous quarter.
The world’s second-largest economy has so far avoided a sharp slowdown in part due to policy support and a fragile U.S.-China trade truce, but markets are braced for weaker growth in the second half pressured by slowing exports, low consumer confidence and a persistent property downturn.
(Reporting by Joe Cash, Ellen Zhang and Kevin YaoEditing by Shri Navaratnam)
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