China's third-quarter economic growth slowed more than expected and to its ...
BEIJING - China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support.
Asian stocks stumbled after the data, reversing gains made on the UK and European Union striking a long-awaited Brexit deal. In a briefing after the GDP data release, Mao Shengyong, a spokesman for China’s statistics bureau, announced Beijing’s plans to bring forward some 2020 special local government bond issuance to this year, in a move to spur regional infrastructure investment.
Mao from the statistics bureau said there was ample room to change monetary policy, as rising consumer inflation has been mainly driven by volatile food prices. The uptick was in line with signs of increased domestic orders, though overall demand remains at historically weak levels. Analysts had expected industrial output to grow 5.0% in September.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oil prices steady, all eyes on data seen showing China GDP growth slowdownOil prices were stable on Friday ahead of data that analysts say could show Chin...
Weiterlesen »
China third-quarter GDP grows 6%, slowest pace in almost three decadesChina's economic growth slowed more than expected to 6.0% year-on-year in t...
Weiterlesen »
Instant View: China third-quarter GDP grows 6.0% year-on-year, misses expectationsChina's economic growth slowed more than expected to 6.0% year-on-year in t...
Weiterlesen »
Instant View: China third-quarter GDP grows 6.0% y/y, misses expectationsChina's economic growth slowed more than expected to 6.0% year-on-year in t...
Weiterlesen »
Oil dips as China posts slowest GDP growth in almost three decadesOil prices fell on Friday after China, the world's largest oil importer, re...
Weiterlesen »
Asian shares slump after weak China GDP, pound retreatsAsian stocks stumbled on Friday, erasing earlier gains after China posted its we...
Weiterlesen »