China to grow 7.6 percent in second half; debt, overcapacity risks up: paper

SHANGHAI: China's economy is expected to grow 7.6 percent in the second half of 2013, but risks of bad local government loans, slowing growth of central government revenue, diminished export competitiveness and industrial capacity are growing, the official China Securities Journal reported on Thursday.

Economists have been cutting their forecasts for the world's second-largest economy following a string of weak data recently, with some predicting the government will not be able to meet it full-year target of 7.5 percent. China's economy expanded 7.8 percent last year, the slowest pace in 13 years.