Q2 GDP of China grew by 7.65%

BEIJING: Chinese economy clocked 7.65% growth during the second quarter of 2012, considered as the slowest pace since the global financial meltdown over three years ago.

The growth fell to 7.8% during the first half of the year, said the National Bureau of Statistics. The 7.6% second quarter growth has been the slowest from 6.6% during the first quarter of 2009 when world was reeling under the pressure to emerge from the financial crisis through massive stimulus action.

The government's full-year growth target stands at 7.5%.

Retail sales jumped 13.7% during June as compared to the same period previous year, decline from 13.8% growth in May.