Lemanik

12-07-2017

China's battle against debt to slow second quarter GDP growth to 6.8 percent

China's economic growth is expected to have cooled to 6.8 percent in the second quarter 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. 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 the first quarter's robust pace of 6.9 percent. REUTERS