China’s GDP Growth Slows To 6.9% During Q3


China’s GDP growth slowed to 6.9% year-on-year in the third quarter 2015, down from 7.0% during the first half, according to data released by the National Bureau of Statistics.

Domestic activity indicators remained low in September, with fixed asset investment increasing 10.3% year-on-year during the first three quarters, below the target of 15% this year.

Industrial production grew 5.7% year-on-year in September, lower than 6.1% in August. Retail sales growth edged up to 10.9% from 10.8% previously.

"We expect GDP growth to remain largely stable in the fourth quarter on the back of supportive policies. Funding constraints on investments have been relaxed as the People’s Bank of China eased monetary policy and fiscal policy becomes more proactive.," says a research report by ANZ.

 
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