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China central bank surprises with 7% H2 growth forecast

Many economists and investors are expecting growth slowdown, not acceleration, later in the year

Mr Zhou says the driving force behind growth has been mainly rising household consumption. He also says China remains confident of fending off systemic risks and keeping its fundamentals healthy.


CHINA'S central bank governor said the economy could grow 7 per cent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown.

The uncharacteristically explicit growth forecast by Zhou Xiaochuan came just...

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