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Chinese economic growth slows to 6.9% in third quarter despite stimulus

Discussion in 'Market News' started by Lily, Oct 19, 2015.

  1. Lily

    Lily Forum Member

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    The world’s second biggest economy has seen its slowest three months since 2009 as its manufacturing output continues to look weak

    China’s economic growth slowed in the latest quarter to a six-year low of 6.9%, despite repeated interest rate cuts and other stimulus measures.

    The figure released on Monday compared with a year-on-year expansion of 7% in the previous quarter. Although it was slightly better than economists expected, the rate was the slowest since the 6.2% recorded in the first quarter of 2009 during the global recession.

    Related: Xi Jinping plays down China's economic 'growing pains'

    Related: China should avoid financial meltdown

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