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China's economy secures positive growth in Q2 despite downward pressure

Updated: Jul 15,2022 14:14    Xinhua

BEIJING — China's gross domestic product (GDP) expanded 2.5 percent year-on-year in the first half of 2022, data from the National Bureau of Statistics (NBS) showed on July 15.

In the second quarter (Q2), the country's GDP grew 0.4 percent year-on-year, the NBS data showed.

Chinese economy faced marked increases of downward pressure in Q2 due to a complex global environment and domestic COVID-19 resurgences, with steep falls of major economic indicators in April. Thanks to a slew of supportive policies, the country's major economic indicators saw narrowed declines in May and rebounds in June, helping achieve a positive Q2 growth.

"The economic growth didn't come by easily," the NBS said in a statement.

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