China says its economy slowed more than expected [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
China said on Friday its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018 as the country's trade war with the U.S. puts pressure on growth. The latest GDP announcement by the world's second-largest economy missed expectations for a 6.6 percent in the quarter from July to September compared to a year earlier, according to analysts polled by Reuters. That is the weakest pace since the first quarter of 2009. Economists in the Reuters poll estimated GDP grew 1.6 percent quarter-on-quarter. Although Beijing's official GDP figures are tracked as an indicator of the health of the world's second-largest economy, many outside experts have long expressed skepticism about the veracity of China's reports. Nevertheless, any signals about growth are closely watched amid China's trade fight with the U.S. as the two economic superpowers slap tit-for-tat tariffs on each other's goods. It's very clear that China's economy is on a v
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