China’s economy grew 6.7% in the second quarter from a year earlier, steady from the previous period and slightly better than forecasts as a string of government stimulus measures shored up demand. While fears of a hard landing have eased, mixed activity data for June – released along with GDP – pointed to the risk of slowing economic momentum later in the year. Industrial output rose 6.2%, fixed-asset investment growth fell again to 2.8% and retail sales grew 10.6%.
