Wednesday, October 17, 2012

Chinese economic growth matches estimates

Although you cannot fully trust the economic figures coming out of China, Bloomberg is reporting...

Gross domestic product expanded 7.4 percent in the third quarter from a year earlier, the National Bureau of Statistics said in Beijing today. That matches the median estimate in a Bloomberg News survey of 43 economists and compares with a previously reported 7.6 percent expansion in the second quarter. Industrial production, retail sales and fixed-asset investment accelerated in September.

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