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China's Q3 GDP May Record 4.6%

CHINA PRESS
MNI (Singapore)

China’s Q3 GDP growth is estimated to reach above 4.6%, slower than Q2’s 6.3%, as the higher comparison base for the same period last year kicks in, Securities Times reported citing the average forecast by eight economists. The economy will likely further recover in Q4 as consumption growth accelerates amid the Golden Week holiday and two major online shopping festivals. Exports may also grow, supported by a low base and improving overseas manufacturing activity, said Zhao Wei, chief economist at Sinolink Securities. Q4 GDP may rebound to around 5.2%, said Wen Bin, chief economist at China Minsheng Bank.

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