Slowdown in investment and trade said to have weighed on the economy, as the government diversifies growth away from big-ticket projects to consumers
Mon, Jul 13, 2015 - 5:50 AM
Analysts say new restrictions on local government debt and finance vehicles have limited lower-level authorities' ability to fund infrastructure projects in China. Stock market turmoil could create new risks in China's financial system too.
CHINA's GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world's second-largest economy.
The median forecast in a poll of 14 economists indicates gross domestic product (GDP) expanded 6.9...