China's economy expected to grow 7% in second half of this year: PBOC governor

China's economy is expected to grow 7 per cent in the second half of this year.
China's economy is expected to grow 7 per cent in the second half of this year. PHOTO: BLOOMBERG

SHANGHAI (REUTERS) - China's economy is expected to grow 7 per cent in the second half of this year, the country's central bank governor said, according to a statement published on the People's Bank of China's website on Monday (Oct 16).

"China's economic growth has slowed over the past few years...but economic growth has rebounded this year, with GDP reaching 6.9 per cent in the first year, and may achieve 7 per cent in the second half," Zhou Xiaochuan was quoted as saying at the G30 International Banking Seminar in Washington on Sunday.

China publishes its third quarter gross domestic product numbers on Thursday.