China’s economy bounced back in the second quarter, growing at a 6.3% rate, which was much better than the slow growth seen in the first three months of the year. But it wasn’t as strong as expected, with analysts expecting it to grow more than 7%. The 6.3% was the fastest growth in a year, and it was higher than the growth of 4.5% in the first quarter. People started to come back to the malls and restaurants after the end of the pandemic, but there’s still some concern about how the economy will do in the future. Analysts think growth will slow down, especially since exports dropped by 12.4% during the second quarter, which could hurt the economy in the future.
In conclusion, while China’s economic growth rate of 6.3% in the second quarter exceeded analyst projections, the outlook for the coming quarters may be impacted by a decrease in exports.