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Corporate profits remain strong, and annualized economic growth is close to the 2 percent level reported prior to federal tax cuts passed in 2017. Growth has slowed from a 3 percent rate last year, but the chance of a recession appears low, the economic numbers suggest.

Considering such uncertainties, the association does not expect the market to match the 5.6 percent growth rate achieved in the first half of the year, but has no plans to change the estimate of 3 percent growth for 2018, made at the beginning of the year.

Contact the writers at zhangli@chinadaily.com.cn

Consultancy firm KPMG is optimistic about China's economic growth in the second half of this year, as infrastructure investment is expected to rebound moderately with an accelerated issuance of local government bonds. Consumption also has much room to grow, according to a report by China Securities Journal.

Contemporary Candombe is a music style developed by Marquez combining traditional Candombe music with jazz, electronic and other elements. The audience can hear both the sound of original beats inherited from African culture and the rhythm borrowed from modern art.