Swiss Economicblogs.org
Q3 growth figures were in line with our expectations and confirmed ongoing changes in the structure of the Chinese economy. Our forecast for Chinese GDP growth remains unchanged.Chinese GDP for Q3 2017 came in at Rmb21.2 trillion (USD3.2 trillion), growing by 6.8% y-o-y in real terms, slightly below the pace of expansion in the first half of the year (6.9%).Several points are worth highlighting.First, China’s economic transition is well underway. The tertiary sector, mainly services,...
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