China’s NBS Sheng: Slight drop in Q3 GDP partly due to weak global economy

FXStreet (Bali) – China’s National Bureau of Statistics spokesman Sheng Laiyu, following the 6.9% Q3 GDP YoY, said China still showing growth of around 7%, adding that pressure to cut overcapacity mounted, and that the slight reduction in GDP Growth was partly due to weak global economy as well as Fed rate hike expectations.

China’s National Bureau of Statistics spokesman Sheng Laiyu, following the 6.9% Q3 GDP YoY, said China still showing growth of around 7%, adding that pressure to cut overcapacity mounted, and that the slight reduction in GDP Growth was partly due to weak global economy.

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