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China’s GDP posts 7% growth in second quarter

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Beijing, China’s economy posted seven percent growth year-on-year in the second quarter of 2015, unchanged from seven percent in the first quarter, the National Bureau of Statistics (NBS) announced on Wednesday.

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The growth rate proved more optimistic than a median market forecast of 6.9 percent for the second quarter, as authorities cited recent “positive signs” in the economy, Xinhua reported.

In the first half of the year, the gross domestic product (GDP) hit 29.7 trillion Yuan ($4.9 trillion), according to NBS data.

The national economy has stayed “in the proper range” in the first half as major economic indicators gradually recovered, indicating stabilization and improvement, NBS said.

During the first half, industrial output grew 6.3 percent year on year and fixed-asset investment climbed 11.4 percent.

Property investment grew 4.6 percent year on year, while retail sales of consumer goods rose 10.4 percent

(IANS)

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Typhoon Rumbia Arrives in Shanghai

Rumbia, the 3rd of the typhoons that had made landfall in Shanghai this month.

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Typhoon Rumbia makes landfall in Shanghai. Flickr

Typhoon Rumbia made landfall in Shanghai on Friday bringing torrential rains and strong winds of up to 23 metres per second, according to the National Meteorological Centre (NMC).

The tropical storm is expected to gradually wane as it keeps moving northwest at a speed of 30 km per hour, Xinhua news agency reported.

By Friday morning, 53,000 people had been evacuated in Shanghai.

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Aerial View of Shanghai Disneyland Resort. Wikimedia Commons.

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Bringing gales and downpours, Rumbia has downed 176 trees, the municipal flood control and drought relief headquarters said.

Rumbia, the 3rd of the typhoons that had made landfall in Shanghai this month, will bring strong winds and heavy rains to the city from Friday to Saturday. (IANS)

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Google’s Return to China Creates Unrest Within The Company

Google's Chief Executive Sundar Pichai told employees "it's all very unclear" whether Google would return to China at all.

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