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China's macroeconomic policy will focus on stabilizing growth in the second half of this year, and the government may have set a "bottom line" for GDP growth of 6 to 6.2 percent, said Wu Ge, a CF40 member and chief economist of Changjiang Securities.
China's insurance regulator said that Anbang would be overseen for a year by a group that included China's central bank, its securities and banking regulators, the country's foreign exchange regulator and other government agencies.
China's export growth rebounded to 44.5 percent year-on-year in February, the fastest pace in three years. Import growth fell to 6.3 percent year-on-year, resulting in a trade surplus of .74 billion against market expectations of a deficit.
China's consumer price index (CPI), the main gauge of inflation, rose 1.8 percent in May year-on-year, data from the National Bureau of Statistics (NBS) showed on Saturday.
China's factory activity remained robust in February after the Caixin/Markit Manufacturing Purchasing Managers' Index rose to 49.9 from 48.3 in January, a three-month high indicating an easing of the downside growth pressures.
