China’s gross domestic product grew by 7.9% year-on-year in the second quarter. However, given the economic climate of this time last year, when the country had just begun to cobble together its recovery from COVID-19, the much more telling indicator remains quarter-on-quarter growth. That figure came in at 1.3%, up from 0.4% the previous quarter.

The numbers are more-or-less what economists had expected, though the usual disclaimer that China state economic data should be taken with a grain of salt applies here as always.