China’s GDP falls to 6.9 per cent in Q3, weakest since 2009
BEIJING: China posted a 6.9 per cent GDP in the third quarter of this year to register its weakest growth since the 2009 global financial crisis which could prompt the leadership to roll out a fresh stimulus package to arrest the slowdown of the world’s second largest economy.
China’s economy slid below the targeted seven per cent in the third quarter this year, the weakest since the global financial crisis in 2009 amid continued fall of exports mounting pressure on the country’s economy.
The economy posted a 6.9-per cent growth year on year in the third quarter of 2015, lower than 7 per cent in the first half of the year, China’s National Bureau of Statistics (NBS) announced on Monday.
The government has set seven per cent as the GDP target for this year.
China can’t expect to grow in Export MKT with her belligerent & assertive attitude towards her neighbours.
Unless it resolves its territorial disputes with all its neighbours, it won’t be able to create biz friendly sentiments & environment.
In the atmosphere of mistrust by all her neighbours and their threat perception vis-à-vis China, reversing the down slide in Export won’t be easy of China.
opportunity for us
Ravi K Gupta
still highly manipulated.
Good opportunity to invest now !!!
India should capitalize the China’s threats and should turn them into opportunities
Fredrick von Prussia
ALL THESE STATS ARE MANUPULATED. GLOBAL ECONOMY IS IN RECESSION DUE TO CHINESE GREED AND MANIPULATION.
As the exports continued to fall, Chinese economy is undergoing transition from an export dependent economy to the one based more on domestic consumption which is causing a painful transformation.
Japan collapsed because of its investment lead approach. US sustained growth in last decade because of consumption led growth approach. on advice of Dr. MMS Chinese changed their approach for long term benefits. India is the only country going in the opposite direction. according to UN report India had excellent form of growth in the last decade.
A fall-out of the lower Chinese GDP figures will lead to further erosion of the yuan relative to the US dollar. This will have consequence for Indian rupees losing some value against US dollar. It is good for the India exporters and bad for the Indian students seeking overseas qualifications/study.