China's Q2 growth set to slow on weak domestic demand, Nikkei survey shows
China's second-quarter economic growth is expected to slow on weak domestic demand, according to a Nikkei survey. Reluctant consumer spending and property-sector pressures are among the main factors. The results are raising expectations of possible policy support steps.
China's second-quarter economic growth is expected to slow on weak domestic demand, according to a Nikkei survey. The forecasts point to a loss of momentum in the world's second-largest economy.
Cautious consumer spending and continued pressures in the property sector are cited among the main factors behind the slowdown. Developments on the export side, meanwhile, can offer partial support to growth.
Analysts say weak demand could put pressure on Beijing for additional policy support. The release of official growth data will be watched closely for monetary and fiscal policy steps.
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