Daily News and Transactions across Greater China from Knight Frank
China well on way to more balanced economy
Jul 24, 2012
China's economic growth is expected to rebound in the second half of 2012 and the country is well on the way to achieving more balanced growth, according to analysts.
Analysts say the dip of China's GDP growth in the second quarter was expected. The impact of a strong rebound in bank lending in May and June as well as the additional policy rate cut by the central bank might be seen during the rest of the year.
They forecast real GDP in China to grow by 8% this year.
Knight Frank Greater China Property Market News Summary