Global markets: China’s economic growth expected to slow in Q2

By Commodity News Service Canada

WINNIPEG, July 11 – The following is a glance at the news moving markets globally.

CHINA’S ECONOMY LIKELY TO FALL SHORT IN SECOND QUARTER
Weakness in the industrial sector and minimal support from the financial sector are likely to cause sluggish growth in China’s economy, according to reports on Monday.

The country’s economy is expected to grow by 6.6 per cent in the second-quarter, which would be the slowest since the first quarter of 2009.

PERU’S AGRO-EXPORTS UP
Peru’s agro-exports increased four per cent between January and May, according to data out of the country on Monday.

Exports totalled US$1.859 billion from January to May, analysts say.

CHINESE VEHICLE SALES INCREASE
China’s vehicle sales increased by 8.1 per cent in the first half of the year, which is well ahead of analyst expectations, reports out of the country say.

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