Still, with half a year left to go, Beijing is expected to handily meet its annual 6.5% economic growth target without too many bumps, good news for president Xi Jinping ahead of a major political leadership reshuffle later this year.
BEIJING: China’s economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months.
Still, with half a year left to go, Beijing is expected to handily meet its annual 6.5% economic growth target without too many bumps, good news for president Xi Jinping ahead of a major political leadership reshuffle later this year.
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