China’s gross domestic product (GDP) grew 6.7 percent year-on-year in the second quarter of 2016, with the pace remaining unchanged from the previous quarter, said on Friday the National Bureau of Statistics of China.

The growth was 0.3 percentage points lower than the annual expansion registered in the same period of last year, Chinese state-run news agency Xinhua reported.

Sheng Laiyun, spokesperson of the bureau, was quoted saying the economic stabilisation of the nation was set to continue as major economic indicators were moving within a reasonable range. The authorities would continue to push ahead with supply-side structural reform and economic restructuring, notwithstanding the downward pressures on the economy, he added.

Aggregate economic expansion in the first and second quarters combined was 6.7 percent judged year-on-year, the bureau confirmed. China’s leadership agreed earlier this year that the official target range of growth for 2016 should be in the range of 6.5 percent to 7 percent.