China Expected to Post Strong GDP

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.


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