摘要
Investment boom and industrial recovery support Q2 real GDP growth of 7.9%, above rumour/expectation . No sign of policy change from NBS; Beijing remains stimulative . Momentum will ebb in H2 a bit, we believe, as new investment project starts fall, but base effects will likely mean higher GDP growth numbers.
*Investment boom and industrial recovery support Q2 real GDP growth of 7.9%,above rumour/expectation *No sign of policy change from NBS;Beijing remains stimulative *Momentum will ebb in H2 a bit,we believe,as new investment project starts fall,but base effects will likely mean higher GDP growth
