China’s economic data to show double-digit growth in First Half – AFX

From AFX via Forbes.com:

China’s economic growth remains robust in the first half, with most indicators set to show continued double-digit growth while consumer prices and foreign direct appear to have booked single-digit gains, the National Bureau of Statistics (NBS) said.

‘China’s current economic growth remains fast. All major economic indicators, except for CPI and FDI, are showing double-digit growth,’ Qiu Xiaohua, head of the statistics bureau, told a meeting with government to discuss first-half economic performance.

In his speech published on the NBS website, Qiu warned that investment and credit growth remains too fast and that the surplus is too big, adding that the government will stick to its credit-tightening policies and maintain over land supply. [Full Text]

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