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China Q2 GDP suggests momentum to carry to Q3

The world's second largest economy's market turmoil presents risks, while the recovery in the US and Europe puts up a stronger case for a rate hike, say AXA Investment Managers

China's service sector has contributed strongly to second quarter growth. (Above) The Shanghai Disneyland in China is a US$5.5 billion theme park, being developed with China's state-owned Shanghai Shendi Group, will transport visitors to six themed "worlds" and offer other attractions based on Star Wars and the Marvel Comics' superheroes.

THE Chinese economy grew by 1.7 per cent quarter on quarter in the second quarter, in line with our forecast, but slightly ahead of market expectations.

The year on year growth stays flat at 7 per cent (versus our forecast of 6.8 per cent), partly because of an upward revision to first...