2010-07-02 14:31

A report from BOCOM International Holdings Co Ltd said that the country's economy is set to slow down in the second half, with gross domestic products (GDP) growth to slow to 10.2 percent year-on-year in the second quarter of this year, the China Business News reported Friday.

BOCOM International said the consumer price index (CPI), a major gauge of inflation, may peak to 3.3 percent year-on-year in June, and begin to fall in July.

The producer price index (PPI), another gauge of inflation, may rise slightly to 7.2 percent year-on-year, from 7.1 percent in May, the report said.

Industrial output in June may slow to 14 percent year-on-year, down from 16.5 percent in May.

Growth in fixed-asset investments may fall to 25.1 percent year-on-year in June, down from 25.9 percent the month before, and retail sales growth may remain around 18.5 percent year-on-year in June, the report said.

China's exports may grow 45 percent year-on-year in June, while imports that month would rise 40 percent from a year ago, according to the report. Trade surplus in June may come to $16 billion, it said.

The Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 52.1 percent in June, down 1.8 percentage points from last month, according to the China Federation of Logistics and Purchasing. This, as stated in the report, signals the cooling down of the economy.