WallStForMainSt: China Posts Another Below Expectations GDP Number (We Were Warned!) & Flight Capital Out of China
Today China released 6% GDP numbers instead of the expected 6.1%. Analysts polled by Reuters had expected China’s third-quarter GDP to grow 6.1%. The third-quarter GDP growth was the slowest since the first quarter of 1992, according to Reuters.
"Given exports are unlikely to stage a comeback and a possible slowdown in the property sector, the downward pressure on China's economy is likely to continue, with fourth-quarter economic growth expected to slip to 5.9%," Hwabao Trust economist Nie Wen said.
** The miss of the GDP growth rate in the third quarter is not that big, as China's economy remains in a downward trend, which could prompt the central government to roll out more stimulative measures to underpin the economy, Zhang Gang, analyst with Central Securities said.
Additional Info
- Read full article on: WallStForMainSt
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.