Free Trial

China Q3 GDP Grew 4.8% Y/Y - Analysts Predict

CHINA PRESS
MNI (BEIJING)

China’s GDP likely grew 4.8% y/y in Q3 with high-frequency indicators in September showing a quicker pace of recovery, according to Wen Bin, chief economist at Minsheng Bank. Wen said the economy had shown weakness in July due to extreme weather, however, authorities implemented stronger countercyclical measures in August and September such as RRR and interest cuts which brought stability. Lu Ting, chief economist at Nomura China, said real estate remained weak in September which negatively impacted fixed-asset investment. Yicai noted the Bank of China Research Institute expects GDP growth of 4.4% in Q3, 5.7% in Q4 and about 5.2% for the whole year.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.