China third-quarter economic growth seen steadying but property, debt key risks

China third-quarter economic growth seen steadying but property, debt key risks
 

Fuelled by government spending and a housing frenzy, China's economic growth likely steadied at 6.7 percent in the third quarter, but slumping private investment, surging debt and the risk of a property correction are keeping the government and global investors on edge.
Wednesday's data is expected to paint a picture of an economy that is slowly stabilising but increasingly dependent on government spending and a housing boom for growth, as exports remain stubbornly weak.
Chinese leaders are trying to spur growth to create jobs, but are also facing pressure to push painful structural reforms... read more

 
19 October 2016 in Business, Views: 31
Source: Reuters
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