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China Q3 Economy Continues Downward Trend
China's Q3 GDP continues on its ongoing downward trend. Industrial output fell to its lowest level this year, with fixed-asset investment (FAI) rebounding, according to data released by China's National Bureau of Statistics. Here are five things MNI highlights from the data: - Q3 GDP growth came in at 6.5% y/y, slightly lower than the median of 6.6% forecast polled by an MNI survey, and slowing down from 6.7% in Q2 and 6.8% in Q1. For the first three quarters, the GDP grew at a rate of 6.7%, recording a total value of CNY65.0899 trillion. - Industrial output growth came in at 5.8% y/y in September, lower than the ... (full story)