The Chinese government 's focus on cutting overcapacity and deleveraging may slow growth in the second half of the year . But measures to open up the financial markets will attract more foreign investors , according to Jing Ulrich , managing director and vice chairman for Asia Pacific at JPMorgan Chase . The bank said stable growth in assets and disposable income , as well as high employment growth , were encouraging , and forecast growth for 2018 at 6.7 % , higher than the Chinese government 's target of 5 % .
The Chinese government's focus on cutting overcapacity and deleveraging may slow growth in the second half of the year. But measures to open up the financial sector will attract more foreign investors, according to Jing Ulrich, managing director and vice chairman for Asia Pacific 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 2018 at 6.7%, higher than the Chinese government's target of 6.5%.