Chinese Economy: Percent Growth and Stimulus Measures

chinese economy: The National Bureau of Statistics NBS is scheduled to post second-quarter GDP data on July 15, according to Global Times China. In the first quarter of 2019, China's GDP grew by 6.4 percent year-on-year, surpassing grim expectations. While a 6.3 percent growth underscores the persistent downward pressure on the world's second-largest economy, given domestic and global challenges, it also highlights the resilience of the Chinese economy in face of pressure from massive stimulus measures, analysts noted. However, many expect that a combination of factors from China's internal economic transition to a tariff war with the US to a slowing global economy could further drag down growth in China. He forecast a 6.3 percent growth for the first half of the year. Generally speaking, second-quarter GDP growth should be relatively stable, considering all the challenges, including declining domestic and global demands, Liu Xuezhi, an economist at the Bank of Communications, told the Global Times on Thursday. (news.financializer.com). As reported in the news.