China is expected to report on Monday that its economy grew 6.8 percent in April-June from a year earlier, cooling from the previous quarter's robust 6.9 percent pace as policymakers seek to rein in property and debt risks. Investment was the reason behind such rapid growth but it's now slowing down," analysts at Natixis said in a research note. Economists in the poll estimated GDP grew 1.7 percent quarter-on-quarter, versus the first quarter's 1.3 percent pace. On Friday, Fitch Ratings affirmed its A+ rating for China but flagged rising debt levels as a risk. For now, China's economy may have to rely on new credit to generate growth as productivity slows, despite worries about debt risks, analysts said.

Source: dna July 16, 2017 23:03 UTC