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

CHINA PRESS

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

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