Tsinghua expects GDP to fall in two quarter

(reporter Shi) the National Bureau of Statistics will release its two-quarter macroeconomic data in Thursday.　　In Saturday, the report of Tsinghua University's China and World Economic Research center predicted GDP growth for the year was expected to be 10.4%, two for 10.8%, and a significant drop from 11.9% in the first quarter. In fact, after two consecutive months of declines in the PMI index, the market's expectations of a slowdown in the second half of the year are strong. "The value of industrial growth fell by 0.3% last month. According to this data, two quarters of GDP should have fallen below 11%.　　"As one of the authors of the report, Yuan Gangming, a researcher at Tsinghua University's China and World Economic Research Center, told the Beijing Morning News reporter. "If the policy does not loosen, GDP growth rate may fall below 8%, at least the real estate sales will be 2 trillion yuan."　　"China far real estate group chairman Ren Zhiqiang said that real estate will lead to related consumption, the decline of the industry will have a certain impact on GDP." Li June, director of China and the World Economic Research Center at Tsinghua University, said it was not entirely due to the rapid changes in the economy that year-on-year GDP figures fell in the second quarter of this year as the economy improved in the second quarter.