Chinese economic growth rises to 7.5 percent

(AP)

China’s economic growth edged up in the latest quarter and more than seven million new jobs were created in the first half of the year, according to data released on Wednesday.

The growth in the economy will ease pressure on communist leaders as they try to prevent a precipitous slowdown in the world’s second-largest economy.

Economic growth rose to 7.5 percent over a year earlier in the three months ended June 30 from the previous quarter’s 7.4 percent.

The first quarter matched a downturn in late 2012 for the slowest rate since the 2008 global crisis.

Communist leaders are trying to steer China toward growth based on domestic consumption instead of trade and investment.

But the unexpectedly sharp slowdown raised fears of politically dangerous job losses.

Beijing responded with mini-stimulus measures based on higher spending on construction of railways and other public works.

Despite the latest rise in growth, analysts expect China’s expansion to cool further over the coming year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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