Friday 16 October 2015

China set to disappoint with Q3 growth

China probably grew at its slowest pace since the depths of the global financial crisis in the third quarter, an AFP survey of economists has found, confirming investor fears following stock market turmoil and a currency devaluation.

Signs the world’s second-largest economy - a key driver of global growth - is struggling will add to pressure on Beijing to do more to head off a hard landing.

Output rose an annual 6.8% in the July-September period, according to the median forecast in a poll of 19 analysts carried out this week.

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