Economy to maintain steady growth trend

The Chinese economy is projected to grow steadily this year, with full-year GDP growth rate likely to reach 6.4 percent year-on-year, investment bank JPMorgan said on Tuesday.

"We expect China's economy to retain the current rather solid growth momentum over the second and third quarters, growing at 6.4 percent and 6.5 percent, respectively," said Jing Ulrich, vice-chairwoman of Asia-Pacific at JPMorgan Chase & Co.

Growth is projected to ease to 6.2 percent in the fourth quarter, as support from fiscal policy may gradually weaken by the end of the year, Ulrich said at a news conference on Tuesday.