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| China's GDP grew by 5 percent year-on-year in the first half of 2024 to 61.68 trillion yuan ($8.49 trillion), showcasing a steady economic rebound, the National Bureau of Statistics said on Monday. |
| In the second quarter, the economy rose by 4.7 percent in comparison to a year earlier after a 5.3 percent growth in the first quarter of the year. On a quarter-on-quarter basis, China's GDP increased by 0.7 percent in the second quarter of the year, the NBS said. |
| Figures released by the NBS showed China's value-added industrial output, a gauge of activity in the manufacturing, mining and utilities sectors, grew by 5.3 percent in June from a year earlier after a 5.6 percent rise in May. |
| In the first half of the year, value-added industrial output grew by 6 percent compared to the same period last year, while in the first quarter, it rose by 6.1 percent from a year earlier. |
| In the first half of the year, retail sales rose by 3.7 percent compared to the same period last year, while in the first quarter, they grew by 4.7 percent from a year earlier. |
| In the January-June period, fixed-asset investment, a gauge of expenditures on items including infrastructure, property, machinery and equipment, grew by 3.9 percent compared with a year earlier, while in the January-May period, it jumped 4 percent year-on-year. |
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