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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.
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Free AccessMNI BRIEF: China Confident 5% GDP Target On Track - NBS
Chinese officials believe the country's economy can achieve the 5% GDP growth target, given the strong foundation established in the first three quarters of the year, according to Sheng Laiyun, spokesperson for the National Bureau of Statistics (NBS).
The Chinese economy grew by 4.9% y/y in Q3, beating market expectations of 4.5%, as production and consumption rebounded more than expected, despite weakness in real estate continuing to drag down investment. (See: MNI BRIEF: China Q3 GDP Beats Expectation To Rise 4.9% - Bonds & Currency News | Market News)
Despite the third quarter showing stronger than expected growth, Sheng said authorities must monitor the situation to ensure positive momentum can be maintained as domestic demand remained insufficient.
MNI reported this week China's GDP print would beat expectations. (See MNI INTERVIEW: China GDP To Beat Expectations- Ex PBOC's Sheng)
To read the full story
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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.