Домой GRASP/China China's economic growth remains stable at 6.9% in the second quarter

China's economic growth remains stable at 6.9% in the second quarter

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China’s gross domestic product grew at 6.9% from last year in the second quarter of 2017, the same as the previous quarter and slightly higher than expected.
The country’s gross domestic product grew 6.9% in the second quarter, according to government data released Monday, the same figure as the previous quarter and marginally higher than most forecasts. The latest numbers position the economy above Beijing’s stated growth target for 2017.
But China’s speedy growth — an uptick from the 6.7% it recorded last year — will be difficult to sustain in the months to come, analysts say, as the government focuses on reining in the country’s rapidly ballooning debt .
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«We do have doubts about how sustainable the recovery is, » said Julian Evans-Pritchard, a China economist for Capital Economics, adding that the economy has «been very reliant» on government stimulus, rapid credit growth and a relatively loose monetary policy.

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