China GDP growth slows in third quarter
Submitted by Optimal Advisor Solutions on October 19th, 2017
China's growth numbers came in essentially as expected with fixed government investment being pulled back, offset by stronger retail and business investment - which is good. The big event to watch is the party conference coming up. China's current leadership is expected to consolidate authority. **JB**
BEIJING--China's economy slowed in the third quarter of the year, as Beijing's efforts to cut debt levels and curb property speculation started to eat into overall growth.
China's gross domestic product expanded by 6.8% in the July-September period from a year earlier, decelerating from a 6.9% gain in the first half of the year, the National Bureau of Statistics said Thursday. The figure matched a forecast by economists polled by The Wall Street Journal.
