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China Q3 GDP growth slows to 6.5%

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Dion Global

19 Oct 2018

China's GDP grew at a slower than expected pace of 6.5 per cent in the third quarter against the previous reading of 6.7 per cent, missing the 6.6 per cent projection, the National Bureau of Statistics said on Friday.

The data points to a modest cooling in the world's second-largest economy, as the government's multi-year efforts to tackle debt risks begin to weigh on growth and as a trade war with the United States threatens exports.

On a quarterly basis, GDP in the third quarter grew 1.6 percent, compared with growth of 1.8 per cent in April-June.