China 2Q GDP Growth Likely 10.3% On Yr - Poll

Forex News: China 2Q GDP growth likely 10.3% on-year, down from 1Q's 10.6% growth, Dow Jones poll shows. Economic slowdown due to tight monetary policy, weaker global demand, analysts say; Beijing likely to maintain tightening stance due to still strong inflationary pressures despite decelerating inflation; June CPI reported +7.1% on-year, slower than +7.7% in May. Poll also shows 1H urban FAI likely +25.4% on-year, slower than 25.6% for January-May; June industrial output expected +15.5% on-year vs +16.0% in May. National Bureau of Statistics to issue economic indicators for 1H, 2Q, June later.