It is the highest growth rate in the last three quarters. Official data showed investment in fixed assets accelerated for the second straight month in June, recording the highest growth rate since August of 2013. The most important driver of the Chinese economy rose 1.45 percent from May, following a 1.37 percent increase in the previous period.
Meanwhile, the value added of industrial enterprises rose at a faster 0.77 percent month-over-month in June, up from a 0.72 percent increase in May while retail sales advanced 0.96 percent, slowing from a 1.15 percent monthly increase in May.
Year-on-year, the economy advanced 7.5 percent in the second quarter of 2014, up from a 7.4 percent increase in the previous period.