BETTER GROWTH OUTLOOK
The ongoing economic transition and structural reform sparked optimism on China's future growth outlook.
"China's economy is operating within a reasonable range, maintaining stable, coordinated and sustainable development, laying a solid foundation for achieving the annual target," Xing said.
In the second quarter, GDP growth was steady at 6.9 percent year on year, flat from the first quarter, but well above the government's annual growth target of 6.5 percent.
Looking ahead, Xing said more positive changes were on the way and that the firming would be consolidated by improvement in the real economy and expansion of both external and domestic demand.
During a two-day National Financial Work Conference that ended Saturday, China unveiled reform plans to improve the financial sector's capabilities to serve the real economy while guarding against systemic risks.
Nomura Securities said in a report after Monday's data release that given the data, it was raising the forecast for the third-quarter growth to 6.8 percent from the previous 6.6 percent, and the annual growth forecast to 6.8 percent from 6.7 percent.
The forecast of a gradual growth slowdown due to a weakening property sector, possible moderation of domestic demand as well as uncertainties over external demand remained valid, the report said.
【国内英语资讯:Economic Watch: Chinas new economy picking up steam amid steady growth】相关文章:
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