EXPERT SAYS - CHINESE ECONOMY TO SUSTAIN GROWTH IN H2 According to Sheng Laiyun, the spokesman for China’s National Bureau of Statistics, stated that the country’s economy will keep showing good momentum in the second half of 2014. Mr Sheng added that Chinese economic growth remains in a reasonable range. Besides, the employment situation is stable. But the economy still faces some risks relating the slump in home sales. Nevertheless, the housing market is expected to make a good contribution to the GDP growth in the long term. In Q2, China’s GDP growth posted 7.5% annually compared to 7.4% previously. In H1, the home sales dropped by 9.2% to RMB 2.56 trillion, CBS reported yesterday. Source: mt5/
Posted on: Thu, 17 Jul 2014 05:11:59 +0000
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