China GDP Beats Estimates, But June Activity Data Shows Recovery Still Uneven

The world's second-largest economy rebounded from a historic contraction to grow 3.2% in the second quarter, data out Thursday showed. Economists were expecting a 2.4% expansion. The official GDP numbers out of Beijing cap months of improving data which, while signaling a fairly rapid return to something akin to "normal", nevertheless suggested the recovery remains uneven. There are lingering concerns about both domestic and external demand in the wake of the pandemic, and that's to say nothin

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