The 6.3-percent GDP increase, achieved amid slower global economic growth, weak expansion of worldwide trade and domestic downward pressure, made China still one of the world's fastest-growing major economies, Mao said.
China's economy grew 6.3 percent year on year in the first half of 2019, which fell within the year's stated growth target range of between 6 percent and 6.5 percent, according to the data released Monday by the National Bureau of Statistics (NBS).
"The June industrial production and retail sales data were both stronger than expected, which have encouraged speculation that stimulus is having a positive impact", Rabobank analysts said.
Hu Xijin, editor of the widely-read Chinese tabloid Global Times, published by the ruling Communist Party's official People's Daily, responded on Twitter to Trump's comment, asking if it was "noble for a president to gloat".
Exports to the world rose only 0.1 per cent on-year during the first six months.
The trade war with the U.S. has hit demand for China's goods, compounding slowing demand from the rest of the world.
However, Ms Pan noted that the longer-term outlook remains "one that is uncertain" as global growth is expected to slow down, thus putting a drag on demand.
Premier Li Keqiang said this month that China will make timely use of cuts in banks' reserve ratios and other financing tools to support smaller firms, while repeating a vow not to use "flood-like" stimulus.
"The economy is under new downward pressure", he said.
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If India did manage the soft landing, it would be only the fourth country to do so after the U.S., Russian Federation and China. However, the countdown was held back with 56.24 minutes to go for the launch. "Next launch schedule will be announced later".
In the first half, the economy grew 6.3 percent compared with a year earlier. "We expect China to be announcing shortly some large scale purchases of farm goods and services", Kudlow said.
- The inflation-adjusted growth of per capita disposable income was 6.5 percent, 0.2 percentage points higher than the 6.3-percent growth rate for the Chinese economy in H1, while the urban-rural income gap further narrowed.
The country's economy is still under pressure from home and overseas, according to China's statistics bureau spokesperson Mao Shengyong.
The growth data for China was the weakest since the first quarter of 2009, in the aftermath of the global financial crisis. In what analysts see as a momentary truce, Trump chose to hold off on a threat to impose new tariffs on about $300 billion worth of additional Chinese imports. "We rarely travel and have no plans to because of financial conditions". He said that was likely to worsen because a boom in real estate development is fading.
The biggest factor in the latest Chinese economic weakness is lackluster activity in construction and industry, according to Julian Evans-Pritchard of Capital Economics. US soybean exports to China were down $8.5 billion (77%) from August 2018 to May 2019, compared to a year earlier.
Fixed-asset investment also picked up, rising 5.8 % on-year in January-June, from 5.6% in January-May.
China, for its part, has since said it's considering buying more US soybeans, corn and pork as a cooperative gesture but that total volumes will depend on the progress of the trade talks.
While the ongoing trade dispute weighs on global growth, some analysts are doubtful that the two countries will soon reach a trade agreement, and predict that China will continue to suffer from US tariffs and sanctions imposed by the Trump Administration.
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