Economists raise China GDP forecast after growth beats estimates

Beijing

ECONOMISTS raised their forecasts for China's economic output after growth in the first half beat estimates. That robust activity is giving policymakers' room to curb excessive and speculative borrowing.

China's gross domestic product (GDP) will expand by 6.7 per cent from a year ago in the third quarter and 6.6 per cent in the fourth quarter, going by the median of 57 economist estimates in a July 17-24 Bloomberg survey.