Goldman Sachs: ‘China growth has held up well this year’

Research Team at Goldman Sachs published its latest report on the Chinese economic outlook in the coming months.

Key Quotes:

“Even as credit growth has decelerated, China growth has held up well this year, with real GDP growth at 6.9% yoy through Q2

Our China Current Activity Indicator quite close to that

Activity has held up thanks to a favorable external environment, tightening measures tailored to avoid weighing on the real economy, and the continued boost from other policy levers.

Looking ahead, we expect the supportive economic backdrop to continue into this autumn's 19th Party Congress“