Friday 22 September 2017

Nick Edwards: China set to deliver perma-bears a treat on growth figures

CHINA set to deliver a rare treat to the perma-bears who growl constantly that the growth model that brought three decades of double-digit economic expansion is now broken - data showing that GDP fell below target between June and September.

The first miss since the first quarter of 2009, when the global financial crisis raged, has become the consensus forecast of economists, who expect official data due on Thursday to confirm that growth slowed to 7.4pc year-on-year in Q3.

That would undershoot the 7.5pc rate mandated by Beijing for 2012.

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