Think-tank sees little chance of rebound in industrial output growth

Weak industrial activity, hampered by overcapacity and growing inventories, will not significantly rebound in the second half of the year, the government's top economic think-tank has warned.

Year-on-year industrial output growth should remain at a slower 6 to 6.5 percent in the third quarter, and should have improved slightly to 6.5 to 7 percent in the last three months, the Chinese Academy of Social Sciences said on Thursday.

According to its official figures, output growth by all industrial companies was 6.1 percent in the first three months this year, and retreated to 6 percent in the second quarter - the lowest level since 2009, in the immediate aftermath of the global financial crisis.