China's growth may fall below 7.5% in Q2

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Source: Marketwatch
China's economy may expand at slower pace in Q2 as industrial output growth remained at 9.6%, unchanged in June on a monthly basis, said Zhang Liqun, Development Research Center of the State Council. The GDP growth may fall below 7.5% in Q2, Zhang Liqun added. Meanwhile China's government is attempting to stimulate economic expansion by easing its prudent monetary policies. On Thursday, China's central bank cut its benchmark interest rate from 6.31% to 6%.

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Fri, 06 Jul 2012 07:29:42 GMT

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