Experts expect a slowdown in China’s GDP growth in the third quarter to a minimum since 2009


68 economists, who took part in a Bloomberg survey, expect, following the results of the third quarter, the growth of the Chinese economy by 6.6% year-on-year from the first quarter of 2009 due to the trade war between the USA and China. However, the expected growth will be above the target for this year at 6.5%. According to the survey participants, compared with the previous quarter, China’s GDP will grow by 1.6%, slowing down the growth rate by 1.8% in the second quarter. Against the background of the trade war with the United States, in September, growth in activity in the manufacturing sector of China stopped, and a drop in export orders was the maximum in more than 2 years, official data show.

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