China GDP: how will third quarter growth fare amid a power crisis, sluggish consumption and property curbs?

Source: China – South China Morning PostBuffeted on all sides by a property slump, energy crisis, weak consumer sentiment and soaring raw material costs, China’s third quarter economic growth could drop to as low as 4.9 per cent, analysts say.Premier Li Keqiang said on Thursday China has “adequate tools” to tackle the economic challenges facing the country, including the nation’s current power crisis and high commodity prices.But after posting 7.9 per cent gross domestic product (GDP) growth in the second quarter, economists have…Read More

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