HONG KONG – Asian markets were mixed on Thursday after China released a raft of key data indicating solid but slowing growth while the Federal Reserve chief said the US central bank would maintain its stimulus until the recovery was well under way.
China’s growth slowed to 7.9 percent in the second quarter, down from 18.3 percent in the previous three months when the economy roared back to life after last year’s pandemic-enforced shutdown.
The National Bureau of Statistics said the world’s second-largest economy continued to “recover steadily”, but sounded a note of caution over external uncertainties and the uneven domestic economic rebound.
“Efforts are still nee…
Keep on reading: Asian markets mixed on China data, dovish Fed comments