Sixty percent of economists said China's economy is showing signs of overheating, according to a survey published by the Caijing Magazine on Tuesday.

The survey, conducted by the China Economic Monitoring Center of the National Bureau of Statistics (NBS), asked 76 Chinese economists for their opinions on the performance of the economy in the second quarter.

Fifty-six percent of the economists said China's economy is showing signs of overheating. That's up from the survey conducted at the end of the first quarter when only 15 percent thought the economy was overheating.

Thirty-seven percent of the surveyed economists think the current economic situation is normal, while 22 percent had the same thought during the first quarter survey.

According to statistics released by the NBS, China's investment in fixed assets grew 29.8 percent year on year, up 4.4 percent over the same period last year.

Twenty-five percent of the surveyed economists think the current demand for investment is bad, while only 12 percent shared that view in the first quarter. Only six percent think the investment demand situation is good, while 69 percent think it is satisfactory.

Fifteen percent of the economists think domestic demand is good while 62 percent are satisfied with consumer demand and 23 percent think it is too weak.

Many of the economists expressed positive sentiments about China's exports with 19 percent believing the current level of exports is good, 72 percent say the situation is satisfactory, while nine percent think it is not good.

Source: Xinhua