The main Asian stock indexes fell on the data, before recovering to close the day at new highs.
Nonetheless, according to the research house's own China Activity Proxy, which was created to give more reliable readings, Chinese GDP was in fact little changed in the second quarter, slowing from a 6.5% pace to 6.3%.
Nevertheless, "it is a bit strange" that the growth exceeded many expectations, he said.
The US dollar held near a 10-month low it hit on Friday after the release of dismal US inflation and retail sales data which raised bets the US central bank will be in less of a hurry to raise interest rates.
The main drivers of Chinese growth were industrial production, growing 7.6 percent in June alone, and retail sales, which climbed 11 percent.
Communist leaders are eager to keep economic conditions steady as they head into a ruling party congress later this year at which President Xi Jinping is due to be named to a second five-year term as leader.
But most analysts agree that the upswing may not last for the rest of the year.
So far, this monetary tightening has not affected actual progress with private investment picking up led by New Economy parts of China which is showing great development in the tech side translating into strong growth.
BidaskClub downgraded China Mobile (Hong Kong) from a "hold" rating to a "sell" rating in a report on Wednesday, June 14th. The Company's businesses include mobile businesses, fixed-line businesses, enterprise businesses and worldwide businesses.
The firm also changed its name from Avid Life Media to Ruby in the same period in a bid to appeal to a more feminine audience. In 2015, the details of men and women cheating on their partners were exposed, after a hacker group attacked Ashley Madison.
There's still two more days of tennis at Wimbledon - here's to seeing more stars off (and on) the grass courts. Roger Federer won a historic eighth Wimbledon title , beating Croatian Marin Cilic 6-3, 6-1, 6-4.
Patrick Dumon for his bravery in assisting me pull our Driver Jason from the wreckage and for attending to his wounds. In addition to his work with Adrenaline Mob , Zablidowsky was also the bassist for Trans Siberian Orchestra .
At the time of publishing this new app is part of a deal with HTC and is only available in the United States on the HTC U11 . Otherwise, there are a few shortcuts to other settings like the official Amazon Alexa app or the Edge Sense trigger screen.
But it seems that Ronald Koeman has yet more reinforcements he's planning to sign before the end of the transfer window. The Dutch manager has lost Romelu Lukaku to Manchester United this summer and is lacking options up front.
Investigators from the Federal Aviation Administration were expected to arrive on the scene Monday morning, Whelpley said. The Air Force Heritage Flight Foundation listed Lenoch as a seasoned pilot who learned to fly at the age of 17.
The First Look At The Ataribox, Atari's New Console
One is a more modern black/red box, while the other features wood panelling, which serves as a nice callback to the Atari 2600. Though Atari now licenses its brand out, it's moved to reassure fans that all is going well with the Ataribox.
LLC Takes Position in BlackRock, Inc. (NYSE:BLK)
In related news, Director Susan Wagner sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. The asset manager reported $5.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $4.94 by $0.31.
Guillermo Ochoa mantiene el cero en su debut con el Standard
El portero mexicano tuvo su presentación en el conjunto belga y mantuvo su valla invicta en el triunfo por 2-0 sobre Lens. El portero mexicano Guillermo Ochoa debut con su equipo Standard de Lieja en la Liga de Bélgica en un partido amistoso.
Trian seeks seat for Peltz on P&G board
Nor was it seeking to replace the company's chief executive of less than two years, David S. Wall Street Journal reported earlier on Monday that Trian was set to launch a proxy fight.
Impossible Mission Moonbase Commander dead at 89
His film debut came in a small role in " Pork Chop Hill " in 1959, followed by a larger role in "The Gazebo". Though his workload slowed in the 2000s, Landau continued to perform in films all the way up until 2015.
Lukasz Kubot-Marcelo Melo win Wimbledon men's doubles crown
Chan said she is satisfied with her performance at Wimbledon because she and her partner were able to make it to the final. She was 35 when she won this year's Australian Open. "Actually, it was our goal for all the time that we were playing".
Jordan soldier jailed for life for killing U.S. trainers
Jordan initially said the Americans triggered the shooting by disobeying entry rules, a claim that was later withdrawn. A Jordanian military court has convicted a soldier of killing three US military trainers in a shooting past year .