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China's third quarter growth misses expectations at 6.5%

Started by H. M. Nasim, October 19, 2018, 09:58:03 AM

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H. M. Nasim

October 19, 2018, 09:58:03 AM
China has reported its slowest quarterly growth rate since the global financial crisis.
The growth figure for the July to September quarter was 6.5% from a year earlier, the National Bureau of Statistics said. The result fell short of analyst forecasts of 6.6%.

Policymakers have moved to support the cooling economy in recent months.

China faces rising economic challenges including high debt levels and an intensifying trade battle with the US.

The impact of the trade dispute with the US is expected to weigh on growth figures in the coming months.

Reuters analysts had forecast growth at 6.6% in the three months to September from a year earlier, the weakest pace since the first quarter of 2009.

The numbers were still in line with the government's full-year target of about 6.5%.

Source: https://www.bbc.com/news/business-45910262
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