Economy to stabilize with slight growth: ABC chairman  

农行董事长：中国经济7月起或“稳中略升”

中国农业银行29日在北京举行2012年中期业绩发布会。该行董事长蒋超良在会上表示，当前经济确实面临“困难的时期”，但中国经济发展的基本面并没有改变，影响或促进中国经济持续稳定增长的积极因素没有发生逆转。

Beijing (CNS) -- China's economy is facing a difficult period, but positive factors will continue to impact or stimulate the economy's sustainable growth, Jiang Chaoliang, chairman of the Agricultural Bank of China (ABC), said Wednesday at a news conference.

Jiang predicted that China's economy will stabilize and may see slight growth starting from July and August.

According to interim results, by the end of June the bank's asset value amounted to 12.9 trillion yuan, up 10.5 percent from the end of 2011. Its profits hit 80.52 billion yuan, with a year-on-year increase of 20.8 percent.

ABC's non-performing loans remained at 84.5 billion by the end of June. Its non-performing loan ratio stood at 1.39 percent at the end of June, 0.16 percentage points lower than at the beginning of the year.