China Q2 GDP up 7.9% yr/yr

China’s Q2 GDP has come in at +7.9% yr/yr, a touch higher than the market forecast of 7.7%. However, these numbers were already leaked in this morning’s Beijing Times Newspaper. It shows continual growth in China’s economy, accelerating from Q1’s 6.1% growth.

H1 GDP +7.1%.

June retail sales +15%. Market forecast was 15.3%. H1 retail sales up 15%.

June Industrial output up 10.7% yr/yr, higher than the expected 9.5%. For H1, Industrial output came in at 7% yr/yr.

China’s CPI fell 1.7% in June from a year earlier, the fifth straight monthly decline and worse the the expected -1.3%. June PPI fell 7.8%, once again worse than the forecast of -7.4%.