<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>China&#8217;s economic growth held steady in the latest quarter, boosted by trade and consumer spending, despite concerns about a possible impending slowdown.</p>
<p>Output rose 6.9% in the three months ending in June compared with a year earlier, government data showed. That was in line with the previous quarter and exceeded some forecasts.</p>
<p>Communist leaders are eager to keep economic conditions steady as they head into a ruling party congress later this year at which President Xi Jinping is due to be named to a second five-year term as leader. But growth is being pressured as Beijing tightens controls on bank lending to rein in a surge in debt levels.</p>
<p>Forecasters expect economic growth to cool later this year as those credit controls take hold, depressing investment.</p>
<p>The International Monetary Fund has forecast China&#8217;s full-year growth for 2017 to hold steady at last year&#8217;s level of 6.7% due to strong government spending.</p>
<p>Consumer spending and trade growth both accelerated during the second quarter, helping to offset softening investment in factories, real estate and other fixed assets.</p>
<p>Retail sales rose 10.4% in the first half of the year, up 0.1 percentage points from the first quarter&#8217;s rate. Trade data released earlier showed export growth accelerated in May and June.</p>
<p>Investment, the biggest single component of economic growth in recent years, rose by 8.6% in the first half of the year, but that was down from 0.6% from the first quarter&#8217;s expansion.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68eccd691b397">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68eccd691b397',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.