Economists Raise China GDP Forecast After Growth Beats Estimates
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Economists raised their forecasts for China’s economic output after growth in the first half beat estimates. That robust activity is giving policy makers’ room to curb excessive and speculative borrowing.
China’s gross domestic product will expand by 6.7 percent from a year ago in the third quarter and 6.6 percent in the fourth quarter, according to the median of 57 economist estimates in a July 17-24 Bloomberg survey. Both forecasts were 0.1 percentage point higher than a month ago.