China third-quarter growth seen steadying at 6.7 percent but property frenzy a worry

China third-quarter growth seen steadying at 6.7 percent but property frenzy a worry
 

China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same pace as in the previous quarter, as increased government spending and a property boom offset stubbornly weak exports, according to a Reuters poll of 58 economists.
Chinese leaders have been battling to get the world's second-largest economy back on steadier footing even as they try to jumpstart painful and politically sensitive reforms to cut industrial overcapacity and growing debt.
But the expected rate of expansion in the third quarter would still be near the weakest since the global crisis, and... read more

 
14 October 2016 in Business, Views: 37
Source: Reuters
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