Beijing – China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse.
The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according to the median forecast of 12 analysts polled by AFP.
That follows a better-than-expected increase of 6.9 percent in the first three months of the year.
The estimate comes ahead of the official release on Monday of China’s closely-watched GDP growth data for the second quarter.
Debt-fuelled investment in infrastructure and real estate has underpinned China’s growth for years but warnings of a potential financial crisis have spurred Beijing to clamp down.