You are here: Home » International » News » Economy
Business Standard

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

Reuters  |  Beijing 

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 14 2017. 17:03 IST
RECOMMENDED FOR YOU