(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.
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