China GDP growth rate at 6 percent, below the expectation

October 18, 2019 | Investopaper

China has published the third-quarter figures of its GDP. The report shows that the GDP grew by 6 percent in a year, as per the Reuters records. This is the lowest growth in the last 27.5 years.

The growth is below the expectation of the analysts. The expected growth of China’s third-quarter GDP was 6.1 percent, based on the analysts polled by Reuters.

The fall in China’s GDP growth rate is mainly attributed to the trade dispute with the U.S.

China has set a growth target between 6 percent-6.5 percent for the year 2019.

Experts have predicted that the economy of China might slow down further. The world’s second-largest economy has suffered due to the trade clash with the U.S, the world’s largest economy.

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