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The Financial Express

China's GDP expands 3.2pc in second quarter

| Updated: July 20, 2020 16:21:27


File photo (collected) File photo (collected)

China's gross domestic product (GDP) expanded 3.2 per cent year on year in the second quarter (Q2) of 2020, data from the National Bureau of Statistics (NBS) showed Thursday.

In the first half of this year, the country's GDP stood at 45.66 trillion yuan (about 6.53 trillion US dollars) amid Covid-19 impact, down 1.6 per cent year on year, according to NBS data.

A breakdown of the data showed output of the primary industry rose 0.9 per cent year on year, while the service sector and the secondary industry saw a decline of 1.6 per cent and 1.9 per cent, respectively.

Thursday's data showed China's job market improved slightly in June, with the surveyed unemployment rate in urban areas standing at 5.7 per cent, down 0.2 percentage points from the previous month.

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