美银：中国观察-尽管第二季度 GDP 数据强劲，但红灯仍在闪烁

Overall, June activity data is a mixed bag, with weaker FAI and retail sales growth, but firm IP growth, along with slightly better-than-expected inflation, trade and credit data announced earlier this month. Accessible version China Watch Red light blinking despite a strong 2Q GDP print 1H25 growth at 5.3% yoy, above the policy target China's 2Q25 GDP grew by 5.2% yoy, vs 5.4% yoy in 1Q25. This is in line with our expectation, but beat market consensus at 5.1%. In sequential terms, 2Q GDP increased by 1.1% ...