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CHINA
CHINA: MNI: Economy Under More Down Pressure, Grave Challenges
- The Chinese economy is slowing under increasing downward pressure and
uncertain external challenges, the National Bureau of Statistics said in a
statement on Friday. "Pains from domestic structural changes continue to
manifest, as the economy, while stable, exhibits changes and slowdown," the
bureau said. Gross domestic product slowed to 6.5% y/y in the third quarter,
down from 6.7% in Q2 and 6.8% in Q1, according to the statement. The leadership
under President Xi Jinping has been faced with "exceptionally complicated and
grave international situations" as well as difficult tasks of domestic reform,
the bureau said.
- For full story see MNI Main Wire at 03:11 BST 10/19, or contact us for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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