The economy expanded at a 1.3% pace in the April-June quarter compared with the previous three months, the way other major economies report results. (File)China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. The economy expanded at a 1.3% pace in the April-June quarter compared with the previous three months, the way other major economies report results. That reflects a return to normal for factory activity and consumer spending as government stimulus and easy credit wind down. The International Monetary Fund and private sector forecasters expect economic growth of about 8% this year but say it should slow markedly in 2022.

Source: Indian Express July 15, 2021 02:37 UTC