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Q2 Economic Growth Expected At 5.1%

CHINA PRESS

China’s economy will grow 5.1% in Q2, according to chief economists' expectations, with industrial added value increasing more than retail sales, Securities Daily reports. In H2, policymakers should prioritise boosting consumption, stabilising housing prices and reducing inventory, said Zhang Jun, chief economist of China Galaxy Securities. Mingming from CITIC Securities, said expanding effective investment under large-scale equipment renewal schemes should be the focus, while Dong Zhongyun from AVIC Securities, said domestic demand will be supported by additional government bond issuance later this year.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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