China 's factories beat expectations growing at their fastest pace in three months this June , according to the country 's National Bureau of Statistics . China’s central bank will hold off on further monetary policy tightening and could even slightly loosen its grip in coming months as a deleveraging drive threatens economic growth and job creation, policy insiders said. However , the growth was not broad enough , with smaller factories struggling relative to larger ones , and analysts expected the Chinese economy to start cooling as Beijing cracks down on debt payments . Last year , China 's economy grew 6.7 % , the slowest rate since 1990 . " With tight monetary conditions and on credit growth , it will be difficult to avoid a renewed slowdown in growth later this year " , said Julian Evans - Jones , an economist at Singapore 's Capital Economics .
China 's factories beat expectations growing at their fastest pace in three months this June , according to the country 's National Bureau of Statistics . However , the growth was not broad enough , with smaller factories struggling relative to larger ones , and analysts expected the Chinese economy to start cooling as Beijing cracks down on debt payments . Last year , China 's economy grew 6.7 % , the slowest rate since 1990 . " With tight monetary conditions and on credit growth , it will be difficult to avoid a renewed slowdown in growth later this year " , said Julian Evans - Jones , an economist at Singapore 's Capital Economics .