Asian shares gained as China’s latest set of macroeconomic data indicated that the growth outlook of world’s second largest economy is not as fragile as expected. While GPD growth slipped to +7.5% in 2Q13 from +7.7% a quarter ago, it was mainly driven by weakness in exports but domestic demand continued to hold up well.
Read the original:
China’s Data in 2Q13 Did Not Come in as Poor as Expected
Leave a Reply
You must be logged in to post a comment.