China's economy posts steady growth but risks remain

China's economy grew 6.9% in second quarter but risks remain

China's economy grew 6.9% in second quarter but risks remain

Xi also said that he would like to provide China's central bank a bigger role in handling threats in the financial system but analysts say that the People's Bank of China (PBOC) is likely to stay still for now.

Though year-on-year growth was flat with the first quarter, the reading was comfortably above the government's annual target of 6.5%, leading commentators to predict China could see its first annual acceleration since 2010.

China said last Friday afternoon that it was revising its economic output data to take better account of fast-growing sectors, like intellectual property, health care, tourism and emerging industries.

"We do have doubts about how sustainable the recovery is", said Julian Evans-Pritchard, a China economist for Capital Economics, adding that the economy has "been very reliant" on government stimulus, rapid credit growth and a relatively loose monetary policy. The National Bureau of Statistics will now including contributions from healthcare, tourism and the "new economy". On a seasonally adjusted basis, the economy expanded by 1.7 percent quarter on quarter, compared with 1.3 percent in the previous quarter.

Some 178.73 million rural laborers were working outside their hometowns as of the end of June, up 2.1 percent compared with one year earlier.

BLADE RUNNER 2049 Trailer Reveals That Deckard is Being "Hunted"
Still, given just how much people adore the original film, the filmmaker has already made his peace with potentially failing. The trailer hit the internet after it premiered on Good Morning America , and this is certainly a good morning for us.

Economists in Reuters' poll forecast second quarter GDP to grow 1.7 percent from a quarter ago.

Retail sales rose 10.4% in the first half of the year, up 0.1 percentage points from the first quarter's rate.

A consolidation of power could give Xi more clout to push through what analysts say are long overdue but painful reforms such as restructuring massive state firm debt. Trade data released earlier showed export growth accelerated in May and June.

"The national economy performed within an appropriate range with more visible good momentum", NBS said.

Data from NBS showed that industrial output climbed 7.6% annually, faster then the 6.5% increase logged in the prior period.

Recommended News

  • Assam floods death toll rises to 60

    Assam floods death toll rises to 60

    Authorities are running 280 relief camps and distribution centres in 15 districts, where 22,837 persons are now taking shelter.
    IBM Releases Next Generation Transaction system IBM Z

    IBM Releases Next Generation Transaction system IBM Z

    IBM Z, deeply integrated with IBM Security software, automates and dramatically streamline security and compliance processes. In addition, data can be encrypted in bulk given improvements in the silicon dedicated to the cryptographic algorithms.
    Prince William, Kate on Brexit diplomacy tour of Poland, Germany

    Prince William, Kate on Brexit diplomacy tour of Poland, Germany

    They were in Warsaw only a day after attending the Wimbledon Men's Singles Final where Roger Federer took home the title. On Saturday, William and Harry participated in a charity polo match to raise funds for several of their charities.
  • $1M in marijuana found in brand new Ford Fusions

    $1M in marijuana found in brand new Ford Fusions

    It's said that the new Ford Fusion has good space, but this likely isn't what the company had in mind. And that, in turn, suggests that successful drug-smuggling efforts could be taking place all the time.
    Presidential polls 2017: This is fight of ideology, says Meira Kumar's son

    Presidential polls 2017: This is fight of ideology, says Meira Kumar's son

    Zaidi had also pointed out that political parties can not issue any whip to their MPs and MLAs in the matter of voting. BJP's President Amit Shah and India's Prime Minister Narendra Modi cast their votes at the Parliament house.
    Washington Nationals Acquire Ryan Madson, Sean Doolittle From Oakland Athletics

    Washington Nationals Acquire Ryan Madson, Sean Doolittle From Oakland Athletics

    On top of their obvious value on the mound, Sean Doolittle and Ryan Madson are signed to extremely affordable deals. Madson, 36, has allowed just one earned run in 14 innings with 12 strikeouts over his past 13 appearances.
  • Joe Biden writing book about his son's death

    Joe Biden writing book about his son's death

    Two days before the book is released, an interview with Oprah Winfrey will air on Winfrey's OWN network. Doors for the event are at 7 p.m. and the show starts at 8 p.m.
    NASA Successfully Completes Probe On Pluto

    NASA Successfully Completes Probe On Pluto

    The mapping and rendering were done by Paul Schenk and John Blackwell of the Lunar and Planetary Institute in Houston. Pluto's haze layer shows its blue color in this picture taken by the Ralph instrument on the New Horizons spacecraft.
    The Lion King live-action footage stars Hugh Jackman and John Oliver

    The Lion King live-action footage stars Hugh Jackman and John Oliver

    This also reunites him with Disney after previously working together on Real Steel , but this will be a much bigger project. If Jackman and Beyonce both end up in the film, it would be one of the best ensemble casts Disney has ever compiled.
  • Additional Temporary Foreign Workers to Receive Visas

    Additional Temporary Foreign Workers to Receive Visas

    They are regarded as countries with the most total overstays that do not participate in the visa waiver programme. Until past year , guest workers who had already participated were not counted toward the cap.
    Kelly is Holding Their Teen Daughters in a

    Kelly is Holding Their Teen Daughters in a "Cult"

    Jones also revealed that if she or any of the other women broke Kelly's "rules", they would be verbally and physically punished. As BuzzFeed reports , welfare checks have been performed in IL and Georgia in the past year, but no charges have been made.
    Police release suspect sketch in Delphi murders

    Police release suspect sketch in Delphi murders

    Anyone with information about the slayings or the person in the sketch is asked to call toll-free to 844-459-5786. Riley said investigators believe the man captured in the photos and in the new artist's sketch killed both girls.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.