China NBS: China's economy will maintain relatively sound momentum in H2

China’s National Bureau of Statistics (NBS) is out with its statement, following the releases of poor Chinese economic data for the month of May.

Key Highlights:

Confident that China's economy will grow around 6.5 percent in 2018.

Sees the limited impact on China's economy from Fed's rate hike.

China's economy will maintain relatively sound momentum in H2.

World economic recovery creates favorable conditions for China's trade.

The slowdown in China's may retail sales growth caused by seasonal factors, delayed consumption.

Expects China's infrastructure investment to face some pressure.

Property investment to maintain steady growth.