China's economy accelerated significantly in the second quarter, with gross domestic product expanding by 7.9 per cent, ahead of analysts' consensus estimates.
Li Xiaochao, a spokesman for the National Bureau of Statistics, said the economy “had stabilised with increasing positive changes”, as the new data were announced on Thursday.
The surge in growth was driven by the government's aggressively loose fiscal and monetary policies, introduced late last year, with most of the funding coming from record lending by state banks.
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