China's economy shows positive changes

China's economy is showing some positive changes as recent government measures gradually gain traction, the National Bureau of Statistics said on Monday. 

PHOTO: REUTERS

JUL 6, 20155:44 PM

[BEIJING] China's economy is showing some positive changes as recent government measures gradually gain traction, the National Bureau of Statistics said on Monday.

China's economic performance remained within a "reasonable range" and economic growth was basically stable, Sheng Laiyun, the bureau's spokesman, said in remarks published on the bureau's website.

The government is due to release second-quarter gross domestic product data on July 15 and many economists expect growth to dip below 7 per cent, which would be the weakest performance since the global financial crisis.

Weighed down by the property downturn, factory overcapacity and high levels of local debt, China's economic growth in 2015 is seen slowing to around 7 per cent - the weakest annual expansion in a quarter of a century.

REUTERS