china q3 growth slows to 91
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

China: Q3 growth slows to 9.1%

Arab Today, arab today

Arab Today, arab today China: Q3 growth slows to 9.1%

Beijing - AFP

China said Tuesday its economy grew at a slower pace in the third quarter as government efforts to tame inflation and turbulence in Europe and the United States curbed activity. Gross domestic product in the world\'s second-largest economy grew 9.1 percent year-on-year in the quarter, the National Bureau of Statistics (NBS) said, down from 9.5 percent in the second quarter and below analyst forecasts. Economists had expected year-on-year GDP growth of 9.2 percent, according to a Dow Jones Newswires survey. Year-on-year growth in China has slowed for three straight quarters as Beijing -- anxious about soaring costs -- has restricted lending and hiked interest rates, while US and European demand for Chinese-made products has weakened. Other economic indicators also suggested China -- the growth engine for the world since the 2008 financial crisis -- was losing steam just as the global economy teeters on the edge of another recession. \"Currently the economic growth is facing an even more complicated external and internal environment,\" NBS spokesman Sheng Laiyun said. Despite the \"increasing\" uncertainty, Sheng told reporters at a briefing that the Chinese economy was \"very likely\" to maintain \"stable and fast growth\". Industrial output growth from China\'s millions of factories and workshops slowed slightly to 14.2 percent in the first nine months of the year as the downturn in major export markets hurt the country\'s vast manufacturing sector. For September alone, production expanded by 13.8 percent year-on-year compared with 13.5 percent in August. Fixed asset investment, a key measure of government spending on infrastructure, rose 24.9 percent in the first nine months compared with the same period a year ago, down a notch from the first eight months of the year. Retail sales rose 17.7 percent year-on-year in September and 17.0 percent in the first nine months of 2011. On a quarterly basis, growth in gross domestic product accelerated to 2.3 percent in the third quarter over the second quarter. \"The Chinese economy continues to chug towards a soft landing,\" said Alistair Thornton, an analyst at IHS Global Insight in Beijing. \"The greatest downside risk facing China’s short-term outlook emanates from advanced economies,\" though \"some cracks are also showing on the domestic front\". China has been the driving force for the global economy and the steady slowdown is likely to fuel concerns about its ability to help debt-laden eurozone countries and the United States. But Beijing faces a policy dilemma of slowing growth and high inflation which has the historic potential to trigger social unrest in the country of more than 1.3 billion people. Despite persistent efforts to rein in soaring household costs, inflation has hovered above six percent for several months and Sheng noted that \"macroeconomic control policies should maintain continuity and stability\". The politically sensitive inflation rate dipped slightly to 6.1 percent in September but remained well above the official annual target of four percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china q3 growth slows to 91 china q3 growth slows to 91

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china q3 growth slows to 91 china q3 growth slows to 91

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday