China will post third-quarter gross domestic product data on Thursday, a day after President Xi Jinping made big promises for the country`s economic future during a pivotal leadership meeting.
China`s National Bureau of Statistics was set to report third-quarter GDP figures at 10 a. SIN/HK on Thursday.
Economists polled by Reuters forecast China to post a modest drop from the second quarter, with GDP to have grown 6.8 percent in the July-September period due to the government`s efforts to cool the property market and cut debt risks. This is a tad lower than the second quarter`s 6.
There may yet be an upside surprise.
On Monday, the People`s Bank of China quoted its governor, Zhou Xiaochuan, as saying the world`s second-largest economy is likely to post growth of 7 percent in the second half of the year thanks to rapid household spending. First half GDP growth was 6.
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