new economy" has also grown rapidly as structural reforms continue and has become a stabilizer for economic growth, she added, pointing to new rising sectors such as environmental protection, technology innovation and information technology infrastructure. The Chinese government's focus on cutting overcapacity and deleveraging may slow growth in 2018 . But measures to open up the financial sector will attract more foreign investors, according to Jing Ulrich , managing director and vice chairman for JPMorgan Chase at JPMorgan Chase . The bank said stable growth in consumption and disposable income, as well as high employment rates, were encouraging, and forecast growth for the second half of the year at 6.5% , higher than the Chinese government's target of 6.5% .
The Chinese government's focus on cutting overcapacity and deleveraging may slow growth in 2018 . But measures to open up the financial sector will attract more foreign investors, according to Jing Ulrich , managing director and vice chairman for JPMorgan Chase at JPMorgan Chase . The bank said stable growth in consumption and disposable income, as well as high employment rates, were encouraging, and forecast growth for the second half of the year at 6.5% , higher than the Chinese government's target of 6.5% .