China's Economy Charges On as Officials Target the Risk 'Rhino'
- 6.9% expansion matches robust momentum in first quarter
- Policy makers continue warnings of impending debt risks
Citigroup's Liu Says China's Economy Has Stabilized
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China’s economy grew faster than expected in the second quarter, putting the nation on track to meet its growth target this year and giving backing to officials in their campaign to corral oncoming financial risk.
Data showing that the world’s second-largest economy expanded 6.9 percent in the second quarter, matching the pace from the first three months, was released hours after the Communist Party’s People’s Daily newspaper warned of potential "gray rhinos" -- highly probable, high-impact threats that people should see coming, but often don’t.