Webboard : Literally, what does it mean to me?

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19-10-2018 17:41:56
China's third-quarter economic growth rate stood at 6.5 percent, the lowest in nine and a half years since the global financial crisis.

Analysts say that the aftermath of the U.S.-China trade war may have begun to be reflected in China's real economy.

Special correspondent Park Hee-cheon reports from Beijing.

China's gross domestic product, GDP, grew 6.5 percent in the third quarter of this year from the same period last year.

It is the lowest level in nine and a half years since the first quarter of 2009 affected by the global financial crisis, and less than the market forecast of 6.6%.사설토토

China's economic growth has continued to fall following 6.8 percent in the first quarter and 6.7 percent in the second quarter.

However, Jeon's economic growth target for this year reached 6.5 percent in March.

[Mao Sheng / China's State Bureau of Statistics]: Uncertainty in the external environment has been magnified and the global economy is difficult. There is also great uncertainty due to the U.S.-China trade friction.]

The future is more problematic.

If the trade war between the U.S. and China intensifies, China's economic slowdown may increase.

Major global institutions forecast China's GDP growth could drop from 0.5 percent to as much as 1 percentage point due to the U.S.-China trade war.

As a result, a growing number of Chinese officials are expected to actively boost the economy.

Analysts say that the Shanghai Composite Index, which has been on the decline lately, rose sharply right after the announcement of China's GDP statistics, reflecting market expectations for economic stimulus.

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