Analysts widely expect Beijing will step up support for the economy in coming months.There were bright spots for the economy in Monday's economic data.
Fixed-asset investment also picked up, rising 5.8 per cent on-year in January-June, from 5.6 per cent in January-May. "The China GDP data was very much in line with consensus confirming the markets view that the economy continues to slow, and while GDP touched 27 years low in Q2, the on consensus print does lessen the market fears that China's economy is headed for a hard landing," said Stephen Innes, managing partner at Vanguard Markets.
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