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China Q3 GDP Growth Hits Nearly 30-Year Low

18 Oct 2019 10:16 am
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MUMBAI (Commoditiescontrol) - China's economic growth slowed more than expected to 6 percent year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-US trade war and lacklustre demand at home.

Friday's data marked a further loss of momentum for the economy from the second quarter's 6.2 percent growth, likely raising expectations that Beijing needs to roll out more measures to ward off a sharper slowdown.

The third-quarter performance was also at the bottom end of the government's full-year economic growth target of 6-6.5 percent.


       
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