16.07.201721:52:00UTC+00China Expected to Report Tempered Q2 GDP Growth

China is expected to report that its economy rose 6.8 percent in April-June from the previous, slower than the prior quarter's solid 6.9 percent rate as policymakers look to clamp down on growing property and debt risks to the financial system.

Beijing is attempting to pop property bubbles and curb a debt build-up amid concerns risks could lead in an economic crisis if not properly tackled, but policymakers are remaining cautions ahead of a key party later this year.

Authorities' tightening measures on the real estate sector have slowed down investment. Meanwhile, a regulatory clampdown on unscrupulous lending and a slight change to tighter monetary conditions have began to drive up funding costs for banks and firms.

Majority of economists expected China's Q2 GDP growth from a stronger than expected 6.9 percent increase in the first quarter, which was the fastest growth in six quarters.

Last week data showed both China's exports and imports climbed faster-than-expected in June from a year prior, which could counter the weakness in the other sectors of the economy during the second quarter.

Economists surveyed expect GDP rose 1.7 percent on a quarterly basis against the Q1's 1.3 percent rate.