Predictably, China’s Year-on-Year Growth Maintains Its Steady Pace
A series of recent scandals, particularly in China’s northeast, have also indicated
that local officials may overreport economic activity to Beijing when local industries like coal mining and steel production run into difficulty.
Powering the Chinese economy were many of the familiar sectors: brisk construction of apartment buildings; strong retail sales, especially online;
and rising government deficit spending on infrastructure, including new highways and high-speed rail lines.
Overall industrial production rose 7.6 percent in June from a year earlier, the government
announced on Monday morning, an unexpectedly faster tempo than May’s 6.5 percent.