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China 5.0% Q2 GDP Growth On Track - Herald

CHINA PRESS

China remains on track for about 5.0% GDP growth in Q2 given May’s data results, according to experts interviewed by the 21st Century Business Herald. However, industrial production and domestic demand exhibited a marginal slowdown, according to Mingming, chief economist at CITIC Securities, noting May's higher retail sales were due to base effects. The government must stabilise the property market, speed up the issuance of government bonds and support SMEs, Ming added.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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