CHINA PRESS: Full-year economic growth will be higher than the government's
target even thought the economy is likely to see a slight slowdown in the second
half of the year, the 21st Century Business Herald reported Wednesday, citing
Wang Yiming, deputy director of the Development Research Center of the State
Council. Several factors will cause growth to slow in the period ahead,
including a deceleration in investment, dragged down by the property and
infrastructure sectors, Wang said. Export growth will soften from the previous
strong performance and the manufacturing restocking process gradually slow. In
addition, a falling Producer Price Index will weaken the profit rebound of
upstream companies, Wang said. (21st Century Business Herald)