With govt lending and spending ‘front loaded’ into the first quarter the second half slows down relative to the first, and the first half was just ok this year.
China’s June Home Prices Slow in Major Cities, SouFun Says
China June PMI hits 28-mth low as global slowdown bites
China’s GDP to grow 9.5% in H1
China Eliminates Income Tax for 60 Million Workers Amid Tension Over Inflation, Wealth Gap