>> A better than expected report card for China's economy holding steady at 6.9% growth from April to June and let's figure the world's number two economy with loose momentum because Beijing's trying to contain some major risks. But for now the usual suspects have kept things on track. Factory output and retail, both growing at a fast clip.
And while exports have recovered and property construction is booming, many expect policies later this year will stunt growth as Beijing tries to reign in Surging housing prices and a rapid build up of debt, which has ballooned to a dangerous 277% of the countries GDP. But a spike in worldwide demand for chinese products could help ease that load, and with two quarters of expansion hitting higher than Beijing's target for the year, the government may find lower growth in the second half easier to swallow.
Officials have been working to keep the economy at a pace at least until this autumn's communist party congress to choose China's top leaders.