China June data will demonstrate steady surge

China June data will demonstrate steady surge

A bunch of Chinese reports in coming weeks is supposed to demonstrate steady surge in the world's number two economy, though government measures to rein in the housing market as well as debt risks will probably drag on activity over the next quarters.

A great number of experts tell that Beijing's deleveraging campaign might affect surge because the property sector cools following policy curbs, even as key leaders have promised to maintain economic stability ahead of a major party gathering later in 2017.

Experts expect June's data issue to demonstrate overall steady surge with industrial output momentum maintained.

Slower credit surge along with higher funding costs due to supervisory tightening are supposed to have an impact on fixed-asset investment and also activities a bit later in 2017.

In June, China's industrial output is expected to gain 6.5% percent from the previous year, matching the soar in May. That’s what a Reuters survey of 34 economists revealed.

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