Fresh forecasts point to 6.5% growth easily being met

The Chinese economy - in the wake of recent upbeat data underscoring an industrial recovery - is expected to enjoy stable growth and is capable of reaching the growth target of around 6.5 percent for the whole year, according to forecasts released on Wednesday.

A report issued by the research institute of the Bank of China predicted that China's economy will likely expand by around 6.8 percent year-on-year in the second quarter and by 6.7 percent in the third quarter.

The economy will grow this year at an annual rate of 6.8 percent, the report added.