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 Chinese yuan 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.