China's economic growth holds steady; WORLD BULLETINS.
CHINA'S economic growth held steady in the latest quarter, boosted by trade and consumer spending, despite concerns about a possible impending slowdown.
Output rose 6.9% in the three months ending in June compared with a year earlier, government data showed. That was in line with the previous quarter and exceeded some forecasts.
Communist leaders are eager to keep economic conditions steady as they head into a ruling party congress later this year at which President Xi Jinping is due to be named to a second five-year term as leader. But growth is being pressured as Beijing tightens controls on bank lending to rein in a surge in debt levels. Forecasters expect economic growth to cool later this year as credit controls take hold, depressing investment.
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|Publication:||Western Mail (Cardiff, Wales)|
|Date:||Jul 18, 2017|
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