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China's Q3 GDP May Grow Above 4%

CHINA PRESS
MNI (Singapore)

China’s Q3 GDP growth may reach over 4% as the economy shows more signs of recovery. Retail sales are expected to rebound to about 5.5% in September, supported by the lower comparison base for the same period last year alongside a boost to domestic tourism driven by the Hangzhou Asian Games and the recent Golden Week holiday, said Wen Bin, chief economist at China Minsheng Bank. Industrial output may rebound to 4.7% as the marginal improvement in domestic and external demand, and rising willingness of enterprises to restock inventories drove the recovery of manufacturing production, said Wen. (Source: Securities Daily)

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