China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months. Still, with half a year left to go, Beijing is expected to handily meet its annual 6.5 per cent economic growth target without too many bumps, good news for President Xi Jinping ahead of a major political leadership reshuffle later this year. China's fast start to the year led the International Monetary Fund on Wednesday to raise its 2017 growth outlook for the ...
China's economy holds up in May but slowing investment points to cooling
Off-balance-sheet lending also fell sharply in May after rising earlier in year