Q2 GDP: China posts better-than-expected 5.2% growth in the face of ongoing US trade war

News Snapshot:

Hong Kong CNN — China reported better-than-expected economic growth for the second quarter in the face of an ongoing trade war with the United States, as diversification efforts to non-US markets buoyed exports. Gross domestic product (GDP) expanded 5.2% in the second quarter from the same period a year earlier, according to the National Bureau of Statistics (NBS) at a press conference on Tuesday. That was higher than the average predictions of 5.1%, based on a poll of 40 economists surveyed by Reuters on Friday. The GDP growth in the second quarter was a slowdown from a 5.4% expansion in...