MNI BRIEF: China Enhances Stimulus For Growth in H2: NBS

China will accelerate stimulus policy in the second half of the year as uncertainties on overseas economic conditions and complicate the domestic pandemic, Fu Linghui, spokesperson of the National Bureau of Statistics, told reporters on Friday in a briefing.

China's economy is expected to be resilient in H2 considering measures to boost infrastructure investment and consumption will further be strengthened, and supply chains and the services sector have been recovering since May, he said, noting the potential growth rate of Chinese economy is 5%-6% at present.

Inflation will rise at a moderate pace as food prices edge up and the influence of imported inflation continues, but overall conditions are expected to be under control since the supply of major goods and services is sufficient and the authorities are increasing efforts to stabilise prices, Fu noted.