China Q3 GDP Growth At 9.6%

(For Q3 2010)

China third quarter GDP growth was reported at 9.6%, slowing down from second quarter growth rate of  10.3%. Most of the slowdown can be attributed to fixed-asset investment slowdown.

I have to say I expected a stronger figure given recent rise in benchmark interest rate, so I conclude that the rate increase is mainly driven by fear of inflation, rather than fear of economy overheating.

Chart 1. China GDP Quarterly Growth

This entry was posted on Thursday, October 21st, 2010 at 2:34 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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