Chinese economic growth steady as retail spending rises



China’s economic growth held steady in the latest quarter, shored up by a bank lending boom and consumer spending that helped make up for weaker trade.
The world’s second-largest economy grew by 6.7 per cent year-on-year in the three months to September, in line with the two previous quarters and better than some forecasters expected.
China’s transition to a moderately-fast consumer and services-based economy is well underway Andy Rothman, Matthews Asia “Economic activity seems to be holding up reasonably well, with few signs that a renewed slowdown is just around the corner,” said Julian... read more

 
19 October 2016 in Business, Views: 36
Source: Scotsman
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