BEIJING: China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations.
The economy grew 6.5 percent in the third quarter from a year earlier, slower than the second quarter, the National Bureau of Statistics said on Friday. Analysts polled by Reuters had expected the economy to expand 6.6 percent in the July-September quarter.
No matter what, China base GDP of about US$13 trillions almost 5 times larger than India''s. India need 5 times higher GDP growth to yield equal net GDP growth with China''s. If China''s gdp growth is 2%, India''s gdp growth needs to be 10%.
it is due to trade war with u s a
6.5 on a fifteen trillion economy is fantastic growth. Anything higher will suck in half the world''s resources.
If the red dragon stops spending on its every greedy land grabbing acts, that would save them a lot to get a stabilized economy! That''s where their billions of earnings are drained.
China is already in recession.