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Battle against debt to slow China's Q2 GDP growth to 6.8%

Weaning China off its dependence on yrs of cheap money may pose threat if not handled well: Experts

Reuters  |  Beijing 

China's economic growth is expected to have cooled to 6.8 per cent in the second quarter (Q) as Beijing tightens the screws on financial risks, a Reuters poll showed, in a sign the world's second-biggest economy is set for a further slowdown over the coming quarters. The survey of 60 economists suggested government efforts to flush out property speculators, defuse asset bubbles and reduce high levels of debt across the economy will continue to chip away at growth from Q1's robust pace of 6.9 per cent. While policymakers are treading cautiously ahead of a key party ...

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First Published: Wed, July 12 2017. 18:05 IST