Although the economy is still cooling, third-quarter growth is expected to be 7.7 percent, slightly higher than the 7.6 percent growth in the second quarter, the report said.
"We see signs that indicate the ongoing destocking among manufacturers is coming to an end. Destocking in China usually lasts six to nine months, but this time around it has already lasted for 10 months," said Cao Yuanzheng, chief economist at BOC.
Updated: 2012-09-25 10:44
By Wang Xiaotian ( China Daily)