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The Russian-Ukrainian conflict and interest rate hikes from the US Federal Reserve have dragged global growth. And the recovery of COVID-19 cases in the second quarter has affected China's recovery. exports remained the main driver for growth in the first six months and fixed asset investment was boosted by powerful policy support during
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the China's exports rose 13.2 percent and investment in fixed assets rose 6.1 percent year-on-year in the January-June period.Cheng expects China's macro policy to rely on infrastructure and real estate investment in the second half of the year. It noted that China's real estate investment in the first half of the year dropped 5.4%.
Back strong in June
The June headline data reflected an accelerated recovery in several areas: June industrial output rose 3.9 percent, fixed asset investment rose 5.8 percent, while retail sales rose 3.1 percent year-on-year. yearly
