China Watch: GDP growth back on track

by: Maritza Cabezas

While some emerging markets have been under pressure lately, China has weathered well the recent turmoil. Growth appears to have accelerated in the third quarter on the back of stronger external demand and supportive domestic policies. Retail sales, fixed investment and industrial production expanded in August. The inflation outlook remains benign. We think that the government’s GDP target of 7.5% for 2013 will be easily reached.

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