China’s economy growth in H1 is projected at 6.7%

Beijing. Jul 9. Silkroadnews - Experts forecast China’s economic growth at 6.7% in H1 of 2018, which is slightly different from the growth observed in the first quarter, though means continued resilience, Xinhua writes.
Despite some external uncertainties, China’s economy has extended an improving trend on the back of the global economic recovery, rising new growth momentum and a warming property market, the report reads referring to a report released by the international financial research institution with the Bank of China.
Lian Ping, chief economist at the Bank of Communications, also forecasts growth of 6.7%.
In Q2, the contribution of consumption and investment to the economic growth could be 70% and 35%, respectively. According to Lian, although net exports had a negative impact on growth, rapid growth in exports helped to increase the manufacturing production and investment.
As for H2 outlook, CITIC Securities chief economist Chu Jianfang believes, there is no risk of a serious recession, the economy will remain stable. With this Chu refers to the growth of industrial investment, sustainable investments in infrastructure and growing external demand.
In Q1 the Chinese economy showed a 6.8% growth.
On July 16 China plans releasing a series of economic data, including GDP growth, for Q2.