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HOME >> Chinese Economy in First Half of 2014

GDP growth up slightly in 2nd quarter

The economy grew 7.5 percent over a year earlier, slightly higher than the first quarter’s 7.4 percent, data released by the National Bureau of Statistics on Wednesday showed.

GDP: Everything you always wanted to know

So what is GDP and why is it so important?

It is one of the major indicators that reveal the health of the economy. It represents the total value of all goods and services produced over the year.