Economy expected to fare well in 2nd half

The Chinese economy will continue to fare well in the second half of the year after expanding by 6.7 percent year-on-year in the second quarter, and this will help shore up the depressed world economy, analysts said.

The performance of the world's second-largest economy beat general market expectations and eased concerns over the possibility of a hard landing.

The 6.7 percent growth has made China one of the fastest-growing major economies amid global uncertainties caused by the United Kingdom's vote to exit the European Union and possible interest rate increases by the United States.