mandag 19. oktober 2015

China's economic growth slows to 6.9%

China's economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis. The year-on-year growth rate is also below the government's 7% target. Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetary policy to stem the slowdown. China's economy has been hit by extreme stock market volatility over the summer and weak economic data, causing concern on markets around the world. Most analysts were expecting growth figures of 6.8% for the July to September period. Read more