Saturday, October 20, 2012
China’s GDP Numbers: A Mixed Bag
However, annualized quarter-on-quarter growth grew to 8.8 percent in the third quarter compared with 8 percent in the previous quarter, boosting Beijing’s confidence in its ability to engineer a “soft landing” ahead of a once in a decade leadership transition.
Recently, both the International Monetary Fund and Asian Development Bank cut their 2012 growth forecasts for China, to 7.8 percent and 7.7 percent, respectively.http://thediplomat.com/pacific-money/2012/10/19/chinas-growth-numbers-something-for-everyone/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+the-diplomat+%28The+Diplomat+RSS%29
Posted by Michele Kearney at 7:18 AM