China’s economic growth was stable in the previous quarter, judging by a report released on Friday. This means that a programme of stimulation gives results and positive impact.
According to the report, China’s GDP rose by 6.7% versus the previous year. It is the same growth as it was in the previous quarter. Expert forecasted the growth to be lower by 0.1%.
However, paces of economic growth are still on the lowest level since Q1, 2009 when GDP has risen by 6.2% versus the previous year.
On a quarter-over-quarter basis, seasonally adjusted economy grew by 1.8%. This index rose by 1.1% in Q1.
As a note, the PBOC has cut the interest rate for six times since autumn 2014 to support the economic growth.
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