Here Comes China Q2 GDP…
Meanwhile, quarter-over-quarter, GDP is expected to rise 1.8%, compared with 1.4% in Q1.
A high base effect is expected to impact the headline number, UBS' Tao Wang wrote in a note out earlier this month.
"China's recovery remains on track and the economy is stabilizing in the near-term," wrote Tao. "However, headwinds from the ongoing property slowdown will likely intensify later this year and pose headwinds into next year. As growth momentum starts to ebb, pressure on the government to step up policy support will swell again."
Also out at tonight are retail sales, fixed asset investment and industrial production for June.
Fixed asset investment (FAI) is expected to rise 17.2% on the year, compared with a 17.2% rise the previous year.
Retail sales are expected to rise 12.5% year-over-year, while year-to-date retail sales are expected to rise 12.2% YoY, compared with 12.1% the previous month.
Industrial production is expected to rise 9% on the year, compared to an 8.8% rise in May. While year-to-date industrial production is expected to rise 8.8% YoY compared to an 8.7% on the year.
Here's a look at China's GDP growth outlook:
