China's investment in infrastructure in H2....>

CHINA: China's investment in infrastructure in H2 is likely to "rebound from a

low level," given increased issuance of local government special bonds, which

will aid GDP growth, spokesman Mao Shengyong of the National Bureau of

Statistics said at a briefing on Monday. 

- The property market is likely to be stable in 2H; 

- China's tax-cut policies may produce further positive effects on the economy

in the second half after helping investment rebound;

- GDP growth rate at 6.3% in 1H is "pretty good" given slowing global markets, a

stable labor market, moderate inflation a"nd improving environment. There is

strong support for the 2H and achieving the full-year economic targets.