Beijing has been reluctant to tackle reforms to politically sensitive state-owned enterprises, fearing the potential for popular discontent.
Quarter after quarter, China’s gross domestic product numbers keep coming in nearly perfectly on Beijing’s forecasts.
The trouble for the world’s second-biggest economy, however, is that its debt keeps on rising while necessary reforms take a back seat to the…
According to China’s National Bureau of Statistics, GDP expanded by 6.9 percent in the second quarter from a year earlier, ahead of analyst forecasts for 6.8 percent growth.
The pace of expansion was the same as the first quarter, helped by faster industrial output (up 7.6 percent), fixed…