China Economic Update Q3 2018
The report reveals a variety of significant key figures as well as an overview on the economic situation in China to enable an assessment of the current status and provide a foundation for all future prognosis.
Third quarter GDP growth came in at 6.5%, short of expectations. With increasing pressure, the 2018 GDP growth of 6.5% is still within reach.
Foreign trade continues on growth trajectory but the negative effects of the US tariffs may sink in the fourth quarter.
Consumer price inflation settles at moderate 2.5%, producer price increases continue to slow down.
Service sector and retail sales continue growing, however overall economic development also faces challenges.