China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a more challenging picture.
The comparison with last year, when Shanghai was enduring a Covid-related lockdown, will make Monday’s gross domestic product data look a lot better than was actually the case. GDP likely grew 7.1% for the quarter on a year-over-year basis, up from 4.5% in the previous period, according to economists surveyed by Bloomberg.
Source: Bloomberg
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