- China Releases Third-Quarter GDP Data | China’s economy grew 3.9% in the third quarter on a year-over-year basis, and the country is bound to miss its goal of 5.5% annual GDP growth. The data, released soon after the CPC National Congress, was followed by a sell-off of China-related stocks and a dip in the yuan. The currency and stocks, although rebounded later, remain weak. People are looking to the new top leadership to rebuild investor confidence and energize its economy.
|
|
|