China's Q2 GDP growth tops forecast
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Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.
In the first half of the year, the world's second-largest economy expanded by 5.3 percent, the NBS said Tuesday.
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.
S&P 500 EPS growth is expected to come in at 4.8% for Q2, which would be the lowest growth rate since Q4 2023.
Chinas economic growth likely slowed in the second quarter of 2025 as trade tensions and the prolonged property downturn weighed on demand, intensifying pressure on policymakers to step up stimulus efforts.
Some economists in Singapore have raised their full-year growth forecast for 2025, following better-than-expected second quarter results. According to advance estimates, Q2 GDP expanded 4.3% despite US tariff uncertainty,
The U.S. economy is expected to see its strongest quarterly growth of the year in the second quarter of the year, according to Bloomberg consensus estimates.