Arab Today, arab today hsbc raises china gdp growth forecast
Last Updated : GMT 20:57:38
Arab Today, arab today
Arab Today, arab today

HSBC raises China GDP growth forecast

Arab Today, arab today

Arab Today, arab today HSBC raises China GDP growth forecast

Banking giant HSBC
Beijing - QNA

Banking giant HSBC has upgraded its forecast for China's year-on-year gross domestic product (GDP) growth to 7.5% from 7.4%, saying recovery has been stronger than expected.
The Chinese economy expanded 7.5% year on year and 2% quarter to quarter seasonally adjusted in the second quarter, according to China's (Xinhua) News Agency.
In the first half of 2014, China's economy expanded 7.4% from a year earlier.
GDP growth in the second quarter "surprised on the upside relative to our forecast" owing to stronger-than-expected government support measures, HSBC Chief China Economist Qu Hongbin said in a report.

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