China's GDP is the slowest growth since the global financial crisis

China's GDP is the slowest growth since the global financial crisis

Data show modest slowdown in world's second largest economy (APA)

Beijing: the Middle East Online

The Chinese economy grew at a slower pace than expected, at 6.5% in the third quarter, compared with the same period last year, the lowest growth since the global financial crisis, according to official data. published on Friday.
The data point to a modest slowdown in the world's second-largest economy, where government efforts to tackle debt risk are pushing for growth while a trade war with the United States threatens exports.
Experts polled by Reuters predict a GDP growth of 6.6% between July and September, a slight decrease from the previous quarter, while China posted growth of 6.7%.
The reading of annual GDP growth during the quarter is the lowest since the first quarter of 2009 during the global financial crisis.
On a quarterly basis, GDP grew 1.6% in the third quarter, compared to 1.8% from April to June, according to the National Bureau of Statistics.
Analysts had forecast 1.6% growth on a quarterly basis.

China