Hong Kong (CNN Business) China's economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDP grew 7.9% in the April-to-June quarter compared with the same period a year ago, China's National Bureau of Statistics said Thursday. The latest figure was also a bit weaker than expected. Analysts polled by Reuters predicted that China's economy would expand 8.1% in the second quarter. Because China's initial recovery last year was so rapid, the country has "basically fully recovered," said Julian Evans-Pritchard, senior China economist for Capital Economics.

Source: CNN July 15, 2021 01:15 UTC