China's economic growth slows to 6.5% amid trade battle
19 Octobre, 2018, 09:21 | Auteur: Auguste Feret
Trade war concerns and fallout from trade tariffs from the United States are beginning to take their toll on the Chinese economy, and Asia-session traders are getting nervous that the slowdown will have a measurable effect on China's major trading partners, including Australia.
China's growth continues to slow.
The government reported Friday the world's second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, down from the previous quarter's 6.7 percent.
The quarterly growth pace lagged the 6.6 per cent expected in a Bloomberg poll of economists, and was slower than the 6.7 per cent clip in the second quarter, according to data released by the National Bureau of Statistics in Beijing.
Analysts polled by Reuters had expected the economy to expand 6.6 percent in the July-September quarter.
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