ISTANBUL: The gross domestic product (GDP) of China rose by 4.7% in the second quarter of 2024, below market expectations, according to official figures on Monday. The country's economy expanded by 5.3% in the first quarter, and market forecast was a GDP growth rate of 5.1% in the second quarter, the National Bureau of Statistics said. In the first half, the economy grew by 5%. In the January-June period, the unemployment rate averaged 5.1%, down 0.1 percentage points. Consumer inflation rose by 0.1% year-on-year, while the index in the first quarter maintained the same level. In the first half, the producer prices for industrial products went down by 2.1% year-on-year. Source: Anadolu Agency