'No fear of hard landing'

The National Statistics Bureau is scheduled to release its quarterly economic report on Friday.

Prior to the bureau's announcement, various investment institutions have come up with their own forecasts, all suggesting the country's second-quarter GDP growth will be the lowest in three years. Many domestic analysts forecast a figure of 7.6 percent year-on-year, while the forecasts by international financial institutions range from 7.2 percent to 7.6 percent.

According to Wang Jun, senior economist with the domestic think tank China Center for International Economic Exchanges, the Chinese government still holds plenty of ammunition to defend growth.