China’s economic growth held steady in the second quarter, as key production indicators rebounded suggesting that a series stimulus measures launched since late last year have succeeded in cushioning a long-term structural decline.
The statistics bureau reported second-quarter growth of 7 per cent on Wednesday, unchanged from the first quarter and exactly in line with Premier Li Keqiang’s full-year growth target of “around 7 per cent” for 2015. China’s economy grew at 7.4 per cent for the full year of 2014.
The
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