Chinese economic growth likely to have ticked down to 6.8 pct in Q2, says Wells Fargo

China is set to release its economic activity data on Monday along with the second quarter GDP growth data that will subsume the monthly data for June. Chinese economic growth has evidently downshifted since the start of the decade. However, the year-on-year rate of real GDP growth has steadied between 6.5 percent and 7 percent in the past few years.

Chinese authorities have indicated an adroit ability in recent years to tweak macroeconomic policies to stabilize the economic growth, noted Wells Fargo in a research report. By and large, the authorities have succeeded in this objective.

In the previous quarter, the Chinese economy had grown 6.9 percent year-on-year. According to Wells Fargo and consensus expectations, the economic growth is expected to have ticked down to 6.8 percent year-on-year in the second quarter of this year.

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