Growth in China slowed to a 2-year low during the third quarter falling to an annualized 9.1 percent compared to the same period one year ago. This is the third consecutive quarterly decline and the trend is fueling concerns that the economy considered by many to be the “engine” that will lead the way to global recovery may fall short of the mark.
Not everyone is panicking yet; China still recorded strong GDP results suggesting that China’s economy is on target for a “soft landing” as opposed to an all-out crash.
Source: Reuters
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