China's weakest growth in three years may pressure Premier Wen Jiabao to further ease the government's crackdown on a property industry that accounts for more than a quarter of final demand. Gross domestic product expanded 7.7 percent in the second quarter from a year earlier following an 8.1 percent increase in the first quarter, according to the median estimate of 38 economists surveyed by Bloomberg News ahead of a report tomorrow. The slowdown may test Wen's pledge to sustain controls aimed at cooling home prices as he seeks to buoy growth ahead of a once-in-a-decade leadership transition later this year. China's efforts to prevent a property bubble limit its policy options as the...
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