The economy slowedyabo2018体育419y in July. The National

Bureau of Statistics indicated the infrastructure investment growth rate, year-to-y

ear, retreated to 3.8 percent in the first seven months, compared with 4.1 percent in the first six months.yabo2018体育419品茶微信

Economists have said they think the policy stance likely will be loosened again in Augus

yabo2018体育419t to support economic growth. As a result, growth is expected to be stronger in the next two months.

“In the current environment, we believe economic growth is likely to be strong only when there is clear policy support, like

in the first quarter and in June,” said Song Yu, chief China economist at Beijing Gao Hua Securities.yabo2018体育419品茶微信

Goldman Sachs research showed on Friday that by the end of June, the official general government sp

yabo2018体育419ending balance recorded a deficit of 1.6 percent of GDP, the largest half-year deficit since 2011. The gr

eater than expected half-year deficit is from the combined effects of tax and fee cuts and more public spending.

Despite some fiscal challenges and rising debt levels, the government will continue to step up fiscal suppoyabo2018体育419

rt, as needed, to ensure the economy doesn’t slow more than policymakers can tolerate in the near

term, said Wang Shengzu, co-head of Investment Strategy Group Asia at Goldman Sachs.yabo2018体育419品茶微信

Enthusiasm for new game titles to keep company in pink of health, say experts

Enthusiasm for new game titles and the development of industrial software

yabo2018体育419are the key factors that will determine the future financial health of tech giant T

encent Holdings Ltd following the release of the company’s second quarter earnings.yabo2018体育419品茶微信

Shares of the Hong Kong-listed fell 2.82 percent, or HK$9.6 ($1.22), to settle on Thursday at

HK$330.4, after it reported its core gaming business rebounded in the three months ending in June.

Net profit jumped 35 percent year-on-year to 24.14 billion yuan ($3.4 billion) in the tyabo2018体育419

hree months to June, while revenue rose 21 percent to 88.8 billion yuan in the same period.

The company experienced a slowdown in the online advertising secyabo2018体育419

tor. The segment accounts for 18 percent of Tencent’s overall revenue.

“Our assumption is that the macro environment will remain difficult for the rest of the year and that the situation of theyabo2018体育419品茶微信

heavy supply of advertising inventory will continue for the rest of the year and potentially into next y

ear,” Tencent Chief Strategy Officer James Mitchell said in an earnings call late on Wednesday.

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