China's Q2 GDP grows 5.2pc y/y, above market forecast

China's economy grew 5.2 percent in the second quarter from a year earlier, official data showed on Tuesday, beating analysts' expectations by a touch and showing resilience in the face of US tariffs.

Analysts polled by Reuters had forecast second-quarter gross domestic product (GDP) would expand 5.1 percent from a year earlier, slowing from the first-quarter's 5.4 percent pace.

China has set a full-year growth target of around 5 percent.

On a quarterly basis, GDP grew 1.1 percent in April-June, the National Bureau of Statistics data showed, compared with a forecast 0.9 percent increase and a 1.2 percent gain in the previous quarter.

The world's second-largest economy has so far avoided a sharp slowdown in part due to policy support and a fragile US-China trade truce, but markets are braced for weaker growth in the second half pressured by slowing exports, low consumer confidence and a persistent property downturn.

REUTERS