Beijing — China posted faster second-quarter growth on Monday, and oil refineries increased throughput to the second-highest on record. However, analysts warned that the momentum in gross domestic product (GDP) growth would not last as authorities clamp down on rising debt. The economy expanded 6.9% in April-June, the same as the previous three months and better than the 6.8% tipped in an AFP survey. "The national economy has maintained the momentum of steady and sound development in the first half of 2017, laying a solid foundation for achieving the annual target and better performance," national statistics bureau spokesman Xing Zhihong said. "However, we must be aware that there are still many unstable and uncertain factors abroad and long-term structural contradictions remain prominent at home," Xing told reporters. Industrial production grew 7.6% in June while retail sales were up 11%, both better than the previous month, according to the official data. But analysts expect a dec...
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