Tuesday, September 29, 2015
China's GDP Growth of 7% Less Likely
ANBOUND
The question of whether China's overall GDP growth will remain around 7%, as targeted by the government is garnering a great deal of attention and therefore the economic performance during the third quarter is particularly important.
Anbound’s scholars point out that the judging from the data released thus far, the economic growth for the third quarter is not that optimistic, there is already a strong market expectation that the economic growth for the third quarter might fell below 7% and such sentiment could make it even harder to meet this year growth target of 7%.
The fact that the National Bureau of Statistics has reserved their rights to revise the overall growth target has strengthened such expectation.