China's monetary policy is likely to stay accommodative in the second half of the year as the latest economic and financial indicators point to the need for further policy support while growing expectations of U.S. interest rate cuts create more room for easing, market analysts said on July 15th.
China's GDP grew by 5 percent year-on-year in the first half of 2024 to 61.68 trillion yuan, showcasing a steady economic rebound, the National Bureau of Statistics said on July 15.
The Chinese economy got off to a good start in Q1, laying a solid foundation for achieving the country’s five percent growth goal for this year.
China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on 16th of April, boding well for a steady economic recovery in the following months.
In the first two months of this year, the total value of imports and exports in the region was nearly 1.75 billion yuan, up from about 480 million yuan in the same period last year.