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Chinese economy steady amidst slowdown worries

China's economy expanded by 6.9% in the second quarter of 2017 as against the earlier year, faster than predicted numbers and in line with the first quarter's growth.
 
As per the street expectations, the economy was likely to grow by 6.8% in the April-June quarter, slightly slower than the previous quarter's robust 6.9% pace.
 
The government is targeting for a growth of around 6.5% in 2017, slightly lower than last year's actual 6.7%, which was the weakest pace in 26 years.