The economy grew at an annual rate of 3.0 percent in the April-June quarter, the fastest pace in more than two years and much faster than initially reported thanks to an upswing in capital expenditure, the government said Monday.
The upward revision from a 1.9 percent expansion confirmed the world's third-largest economy had rebounded from a temporary slowdown in the previous quarter following two years of continuous expansion, which had been the longest stretch of uninterrupted growth in 28 years.
The growth rate was the fastest since the January-March quarter of 2016 and beat the average 2.7 percent growth forecast by polled private-sector economists.