China’s Growth Pace Expected to Cool

Slowing growth would seem to point more economic stimulus in China, but Beijing may not have as many options as it used to.

The latest numbers from the government, reported Tuesday, show the country’s gross domestic product expanded by 7.3 percent in the third quarter—below the 7.5 percent pace in the prior quarter, but a bit ahead of what forecasters were expecting.

Many forecasters expect China’s historic economic expansion to continue to slow through the rest of the decade.  The deepening weakness on China’s $9 trillion economy poses a major challenge for China’s leaders, who are meeting in Beijing this week for a long-planned summit on political and legal reforms.

CNBC

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