Beijing — A raft of Chinese data in coming weeks is expected to show steady growth in the world’s second-biggest economy, but government measures to rein in the housing market and debt risks are likely to drag on activity over the next few quarters. Many analysts say Beijing’s de-leveraging campaign will pressure growth as the property sector cools in response to policy curbs, even as top leaders have pledged to maintain economic stability ahead of a key party meeting later this year. "We expect June’s data release to show overall steady growth with industrial production momentum maintained," economists at UBS said in a research note. "Slower credit growth and higher funding costs due to supervisory tightening are expected to have an effect on fixed-asset investment and activities later in the year." China’s industrial output is seen up 6.5% in June from a year earlier, matching the rise in May, according to a Reuters poll of 34 economists. Retail sales were expected to grow 10.6%, ...
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