China's growth speeds up to 7.5pc, beats expectations

BEIJING: Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.

The April-June figure from the National Bureau of Statistics compared with 7.4 percent in the previous three months and exceeded the median forecast of 7.4 percent in a survey of 17 economists by AFP.

But some analysts remain pessimistic about the full-year outlook given persistent concerns over the huge but troubled property sector.

"Generally speaking, China's economy showed good momentum of stable and moderate growth in the first half-year," NBS spokesman Sheng Laiyun told reporters. "However we should keep in mind that the domestic and international economic environment is still complicated and the national economy still faces many challenges."