China Set to Impress With Strong Growth Oct 18

While China’s economy is expected to have grown at its fastest pace this year during the July-September period, economists say this does not mark the start of a reacceleration in world’s second largest economy.

Third-quarter gross domestic product (GDP) data, due out on October 18, is forecast to show the economy expanded 7.8 percent on year, according to a Reuters poll, up from 7.5 percent in the second quarter.

A government-stimulus-fueled pick-up in infrastructure investment and a recovery in exports are the key drivers behind the growth resurgence. However, with the impact of the stimulus beginning to fade and external demand lackluster, the mainland economy may struggle to maintain its momentum, say China watchers.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza