China’s economy grew 6.7% in the first half, the lowest rate since 2009 – Observer

The Gross Domestic Product (GDP) in China grew 6.7% in the first half of the year, announced Friday the country’s Statistics Office.

In the second quarter, the second world economy also grew 6.7% – over the same period of 2015 -. without changes regarding the performance achieved in annual terms in the first three months of the year

This represents the lower growth rate China recorded a quarter since 2009. “the national economy has reached a moderate development, but firm,” the statement said.

the spokesman of China’s Statistics Bureau, Shen Laiyun attributed the data to “complicated internal and external conditions” and the increasing pressures facing the country, but stressed that the economy shows signs of “stability”, ending the first half of the year with a “solid basis” to achieve the goal of annual growth outlined by the government.

the same official warned, in any case, for “serious” difficulties the country faces, both internally and externally, pointing to the need to proceed with reforms structural announced by Beijing, while power “properly” demand.

China’s GDP, which amounted to 30 June to 34.06 billion yuan (4.6 billion euros), grew up in QoQ, 1.8%, according to official data.

After three decades to grow at an average of nearly 10% per year, Beijing is located a target of annual growth for the next five years from 6, 5% and 7%.

China’s economy grew 6.9% in 2015, ie at its slowest pace in 25 years.