Investing.com – China’s economy grew broadly in line with market expectations in the second quarter of 2011, official data showed on Wednesday.
In a report, China’s National Bureau of Statistics said gross domestic product rose at an annualized rate of 9.5% in the second quarter, in line with expectations, after rising 9.7% in the preceding quarter.
The economy expanded by 2.2% in the second quarter from the first three months of the year, after a 2.1% percent gain in the January-to-March period.
Following the release of the data, Asian stock markets were broadly higher. Hong Kong’s Hang Seng Index rose 0.85%, while Japan’s Nikkei 225 Index climbed 0.3%.
In a report, China’s National Bureau of Statistics said gross domestic product rose at an annualized rate of 9.5% in the second quarter, in line with expectations, after rising 9.7% in the preceding quarter.
The economy expanded by 2.2% in the second quarter from the first three months of the year, after a 2.1% percent gain in the January-to-March period.
Following the release of the data, Asian stock markets were broadly higher. Hong Kong’s Hang Seng Index rose 0.85%, while Japan’s Nikkei 225 Index climbed 0.3%.