China’s economy likely grew faster than the government’s annual target in Q2

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China’s economy likely grew slightly above the government’s annual target in the second quarter according to the Bloomberg survey of analyst expectations. Bloomberg is gated, but in brief:Bloomberg’s survey forecasting a 5.1% year-on-year GDP increase for the quarter ending in JuneGrowth was supported by strong export performance, aided by a trade truce with the U.S., continued fiscal measures to bolster domestic demandAs a result, many economists believe Beijing may pause additional stimulus for now.However, Citi and Nomura anticipate further policy easing later in the year, projecting a 10 basis point interest rate cut and a 50 basis point reduction in banks’ reserve requirements, as the effects of earlier stimulus and front-loaded exports begin to wane in the second half. ---the data is due on Tuesday, July 15, 2025 at0200 GMT2200 US Eastern time (on Monday, July 14, 2025) This article was written by Eamonn Sheridan at www.forexlive.com.