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China's Q2 GDP May Grow About 5% - Economists

CHINA PRESS
MNI (Singapore)

China’s GDP growth may slow to 5.04% in Q2 from Q1’s 5.3%, due to weak demand, economists told Yicai.com. Economists expect industrial output to grow 4.94% in June, compared to May’s 5.6%, amid declines in industrial profits and manufacturing activity. Retail sales may fall slightly to 3.63%, from May's 3.7%. Economists also predicted a 3.84% gain in Jan-June fixed-asset investment, lower than the previous 4%, with policy support for manufacturing investment remaining robust to help offset real estate investment decline. June macroeconomic data will be released next Monday.

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