China: Chinese growth to slow to 7.4% in Q3 - Nomura

FXstreet.com (Barcelona) - After China GDP slowed to 7.5% in Q2 - in line with market expectations -, Zhiwei Zhang, Economist at Nomura, notes "we maintain our 2013 full year GDP forecast at 7.5% and continue to expect growth to slow to 7.4% in Q3 and 7.2% in Q4." Furthermore, Zhang believes "the monetary policy stance will remain tight in H2, while risks to our H2 and 2014 (currently 7.5%) forecasts are to the downside."