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Indiaexportnews.com

China's second quarter GDP growth beats analysts' expectations

  21.07.2017    

China's GDP rose increased 6.9 per cent in the second quarter, faster-than-expected, setting the country on course to meet its 2017 growth target, Reuters reported.
The boost to growth was in part driven by firmer exports and production, in particular steel, which could heighten trade tensions as the United States and China begin economic talks this week.
Economic data from the second quarter has prompted a number of analysts to upgrade their GDP forecasts for China for 2017, although some moderation in growth is expected later this year as policymakers' efforts to rein in property and debt risks weigh on activity.
Citi raised its 2017 annual GDP projection to 6.8 per cent year on year from 6.6 per cent previously.



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