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In III quarter, China’s economy increased 6%

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In III quarter, China’s economy increased 6%
October 18
09:00 2019

In the third quarter of this year, the PRC’s economy has grown 6%. This is the lowest figure for the last three decades. The data were published by the National Bureau of Statistics of China.  Analysts polled by Bloomberg representatives predicted an increase of 6.1%.

In the first quarter, the Chinese economy increased 6.4% in annual terms, in the second quarter – 6.2%. Difficult relations with the United States, a decrease in export volumes, as well as internal problems are the reasons for the decline in GDP growth.

Last month, industrial activity in the country has increased 5.8%, retail sales – almost 8%. Along with the growth of these indicators, there is a decrease in the level of investment.

According to the government plan for annual economic growth, GDP should increase 6 – 6.5%. Over the first three quarters of this year, it has grown 6.2%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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