In the first half of the current year, China’s overall economic growth maintained a stable trend in line with the central government’s expectations regarding the economic situation, as stated by China’s National Development and Reform Commission (NDRC).
As indicated by the NDRC, in the given period China's consumer price index (CPI) indicated a slight rising trend and the downward pressure of producer price index (PPI) for capital goods eased to some extent. In particular, China has been pushing forward supply-side reforms to cut overcapacity, especially in the domestic coal sector and steel industry, which will largely improve expectations and boost confidence in the domestic market and so help prices to move on a slight rising trend in the second half this year. It is thought that China's gross domestic product (GDP) will likely increase by 6.5-6.8 percent year on year, while China’s CPI will likely increase by two percent year on year in the whole of 2016.