19.10.2015 - China's GDP growth slowed in the third quarter to 6.9%
Today was published an important report on China's GDP growth in the third quarter of this year. According to the report, the index rose by 1.8% compared with the previous quarter and by 6.9% against the same period of the last year. Previously, GDP growth in the world's second-largest economy was 7.0%. Analysts had forecasted a slowdown to 6.8%. The report had also pointed out the negative impact of slowing global growth and the negative impact of the rate hike expectations by the Fed. It is worth noting that we see switching to a service-oriented economy from the industrial. Our medium-term outlook for the Chinese market is still positive, but we do not exclude the sharp fall of the indexes in the near future.