CHINA's gross domestic product is expected to increase 7.4 per cent, a Reuters poll shows, suggesting that recovery is on track as state stimulus measures kick in.
Investors expect to understand just how much more stimulus is needed to help the economy recover and continue its present momentum when the actual June data is released in coming days.
All but three of the 21 analysts polled predicted that growth either stabilised or edged up between April and June, reinforcing the view that authorities have successfully halted a slowdown by loosening policies.
The economists believe that China exports and manufacturing enjoyed their best performances in several months in June, while still expecting growth rates to remain at an 18-month low of 7.4 per cent.
"We expect China's upcoming June and second-quarter data to show an economy that is still recovering," UBS analysts said in a note to clients.
"With more easing measures underway and an ongoing export recovery, sequential growth momentum should warm up further in the third quarter."
China's economic growth quickened in the second quarter from the previous three months, but further modest government support measures will still be needed, said Premier Li Keqiang, without giving a GDP figure.
Exports are forecast to rise 10.6 per cent in June year on year, faster than May's seven per cent and the best showing in five months. Imports likely fell back, growing 5.8 per cent, after May's 1.6 per cent drop.
Manufacturing, which accounts for 45 per cent of China's GDP, is forecast to have grown nine per cent in June, up from May's 8.8 per cent increase.
MARKETS
10 July 2014 - 19:20
Economists' poll shows second quarter GDP growth steadies at 7.4pc
CHINA's gross domestic product is expected to increase 7.4 per cent, a Reuters poll shows, suggesting that recovery is on track as state stimulus measures kick in.
MARKETS
10 July 2014 - 19:20
Economists' poll shows second quarter GDP growth steadies at 7.4pc
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