China's economy to grow 6.93 percent in Q2
(MENAFN) China's economy will grow by 6.93 percent year on year in the second quarter, said a report by the National Academy of Economic Strategy (NAES), Xinhua reported.
Released at a meeting co-hosted by NAES and the Economic Information Daily, the report made the quarterly-based analysis on China's micro-economy.
The growth forecast is lower than the 7-percent annual growth target, but 0.13 percentage points higher than the earlier NAES forecast.
Economists took various factors into consideration, including a continuous fall in foreign trade, steady consumption and an investment increase, said NAES deputy director.
Released at a meeting co-hosted by NAES and the Economic Information Daily, the report made the quarterly-based analysis on China's micro-economy.
The growth forecast is lower than the 7-percent annual growth target, but 0.13 percentage points higher than the earlier NAES forecast.
Economists took various factors into consideration, including a continuous fall in foreign trade, steady consumption and an investment increase, said NAES deputy director.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment