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Economy remains on track despite investment woes

By Zhang Zhouxiang ( China Daily ) Updated: 2016-07-19 07:31:13

Several ministries and departments of the State Council, China's Cabinet, have responded to public concerns in the past week over the state of the economy and healthcare reform, among other issues.

Questions for the National Development and Reform Commission, the nation's top economic planner, were focused on balancing economic growth by cutting overcapacity, in light of a better than predicted 6.7 percent growth in GDP for the second quarter of the year, as reported by the National Bureau of Statistics.

Rising coal and steel prices, in particular, have prompted some to fear that coal enterprises might be encouraged to increase production, which is contrary to the ongoing process of cutting overcapacity.

Economy remains on track despite investment woes

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