Growth beats forecasts as it stays at 7%

Analysts expect to see modest recovery over the coming months as risks subside

The government announced on Wednesday that GDP grew by 7 percent in the second quarter, and the figure prompted experts to predict an improvement in the economy over the coming months.

"Downside risks are getting smaller," said Ding Shuang, chief China economist at Standard Chartered in Hong Kong. "A modest recovery is expected in the second half."