"China’s economic growth accelerated for the first time in three quarters after the government expedited spending and gave banks more room to lend to counter a property slump.
Superior analysis of the data as usual from David Scutt here (I highly recommend subscribing to his rapid fire blog, MarketScuttlebutt):
"Q2 GDP +7.5% (+7.4% in Q1, +7.4% expected)
June industrial production +9.2% (+8.8% in May, +9.0% expected)
June retail sales +12.4% (+12.5% in May, +12.5% expected)
Urban fixed asset investment +17.3% (+17.2% in May, +17.2% expected)"