China’s GDP at 7.8%

China’s gross domestic product (GDP) rose 7.8 percent in the third quarter on year, the National Bureau of Statistics reported on Friday, up from 7.5 percent in the previous three months.

Industrial output for September, released alongside the growth data, came in slightly higher than forecasts, with an increase of 10.2 percent from a year earlier.

Fixed asset investment grew 20.2 percent in the first nine months of 2013 from a year earlier, lower than expectations for growth of 20.3 percent.   Retail sales, meantime, were weaker than expected, rising 13.3 percent on year. Analysts had forecast a rise of 13.5 percent.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.