China's Q2 GDP expands at 7.5%

China’s GDP rose 7.5% in the April-June period from a year earlier, the first acceleration in growth in three quarters, Bloomberg reported, citing official data released on Tuesday. That was higher than 7.4% in the previous quarter and came on the back of higher state spending and credit easing. Industrial production rose 9.2% in June from a year earlier, topping the 9% median estimate of analysts and 8.8% in May. Fixed-asset investment excluding rural households increased 17.3% in the first half from a year earlier. “The data are quite positive,” said Zhu Haibin, chief China economist at JPMorgan in Hong Kong.