China GDP up 6.3% in Q2, falling short of projections

Youth unemployment rises to record high amid tepid domestic demand

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Customers shop at a shoe store at a mall in Beijing on January 15. © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- China's economy expanded by 6.3% in the second quarter from a year earlier, fueled by recoveries in retail sales and the service sector, and partly thanks to a low base effect.

The GDP growth announced by the country's statistics office on Monday was lower than the average market forecast of 6.9% as tabulated by Nikkei and QUICK, and surpassed the 4.5% rise in the first quarter.

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