China’s National Bureau of Statistics will tomorrow report its latest quarterly estimate for economic growth, which has stabilised after the world’s second-largest economy was rocked by a dual market and currency crisis in January. For Beijing, economic stability is paramount as it focuses on reining in runaway corporate debt levels.
Investors and economists were largely reassured by the 6.7 per cent growth figure reported for the first and second quarters, in line with the 6.5-7 per cent target prescribed by Chinese policymakers late last year. But they will be asking whether a credible debt-reduction effort is really compatible with continued growth in that range. Here are five things to look out for:
The property sector and its contribution to growth