Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The declaration comes days after a case of the virus was confirmed in the Congolese city Goma, which borders neighboring country Rwanda.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
With its second-quarter growth figures due Friday, China has been careful to prep markets for further signs of a gradual deceleration in the world's second-largest economy.
Chinese premier Li Keqiang said this week that the the Chinese economy was "basically stable," which was read as a signal second-quarter growth would be near the first-quarter level of 6.7 percent.
This followed comments by Li on July 4, reported by state media agency Xinhua, that it was "not easy" to achieve Q1's 6.7 percent growth rate and that the economy would show "continued steady development."
Most analysts are looking for more downside than upside in the three months to June 30, on the back of domestic factors including an ongoing austerity drive, as well external factors such as the declining after the U.K.'s vote to exit the EU.
Major risk factors to second-quarter growth included overcapacity in the heavy industry sector and slowing global demand for Chinese products.
Barcelona-based FocusEconomics said it expected growth to have "moderated slightly" in the second quarter as the effects of policy stimulus unveiled at the end of 2015 faded.
In particular, investment in the real estate sector slowed in May, and state-owned enterprises accounted for the bulk of new investment during Q2, while private business investment remained weak, FocusEconomis head of economic research Ricard Torne wrote in a recent report. This was sparking concerns about the quality of growth in China, he added.
"Although this year's policy action signaled that authorities will prevent any sharp slowdown, the economy is expected to gradually decelerate in the coming quarters," Torne said.
"While slower growth will partially reflect a healthy domestic rebalancing, mounting economic imbalances and weak global demand have the potential to increase turbulence in China's expected soft-landing."
Helen Zhu, head of China Equities at BlackRock, said she did not expect any major upside surprise, nor a contraction in the headline number, but that the economy had not yet bottomed.
With Beijing's target compound annual growth rate at 6.5 percent for the next five years, that meant there would be times when the figure will be "noticeably below that", she told CNBC's "Halftime Report " on Wednesday.
Zhu said to expect a 20 to 30-basis point drop in GDP each quarter going forward. A basis point is 1/100th of a percentage point.
There's no need for great concern, though, she added.
"I don't think we need to focus that much in terms of the growth. Most of the opportunities in China are really about the structural reforms and all of the major changes they are doing to the economy," she said.
Indeed, China's Li also said Wednesday that the country was committed to continued efforts to tackle steel overcapacity.
But despite Chinese leaders' cautious statements ahead of the Q2 growth data, and its focus on reform, there has been speculation that the economic giant may join the ranks of various central banks in cutting interest rates to boost growth.
"It makes more sense for China to cut interest rates," Hao Zhou, Commerzbank's senior emerging market economist for Asia, told CNBC's "Squawk Box " on Monday.
"China is talking about supply-side reforms but I think China needs to stimulate on the demand side," he added.
Follow CNBC International on and Facebook.