Predictably, China’s Year-on-Year Growth Maintains Its Steady Pace<br />A series of recent scandals, particularly in China’s northeast, have also indicated<br />that local officials may overreport economic activity to Beijing when local industries like coal mining and steel production run into difficulty.<br />Powering the Chinese economy were many of the familiar sectors: brisk construction of apartment buildings; strong retail sales, especially online;<br />and rising government deficit spending on infrastructure, including new highways and high-speed rail lines.<br />Overall industrial production rose 7.6 percent in June from a year earlier, the government<br />announced on Monday morning, an unexpectedly faster tempo than May’s 6.5 percent.
