How will China counter its slowing growth?

With China's second-quarter GDP growth rate slowing to 6.2%, concerns have been raised over whether the expansion plan for the world’s second largest economy could be derailed.

While the numbers were in line with analyst expectations, China is faced with challenges that could persist over the long term. It is under increasing pressure because of its trade dispute with the US official trade data indicated that the country’s exports fell by 1.3% in June to $212.8 billion.

On the bright side, retail sales of consumer goods rose 8.4% on a year-on-year basis in the first half of 2019, reaching Rmb19.5 trillion $2.8 trillion. This...