An economic downturn for China’s GDP has some people concerned.
China is still expected to hit its growth target for the year of more than 6 percent.
China’s third-quarter GDP came in at 4.9 percent, a dip from earlier in the year. What does this mean for its future?
CGTN’s Sun Tianyuan gives us the latest.
Joining the discussion:
- John Gong is a Professor of Economics at the University of International Business and Economics in Beijing.
- Yan Liang is a Professor of Economics at Willamette University.
- John Quelch is the Dean of the Herbert Business School at the University of Miami.
- Anna Ashton is the Vice President of Government Affairs at the US-China Business Council.
For more:
B of A: “China GDP growth has increasingly mattered to S&P earnings, more so than US GDP .. About 30% of global GDP growth over the past two decades has come from China (vs. 21% from the US).” [Subramanian] pic.twitter.com/OGnIQh9aQw
— Carl Quintanilla (@carlquintanilla) October 18, 2021
#China’s #GDP grew by 9.8% in the first 3 quarters! An average growth of 5.2% if 2020 & 2021 are combined! #economy pic.twitter.com/ts0lbW72L3
— Ambassador Deng Xijun (@China2ASEAN) October 18, 2021
China’s economic growth in the third quarter slowed to 4.9 percent year on year, slightly below expectations.
See more of Monday’s data from the National Bureau of Statistics. https://t.co/xdSQnK5j1O pic.twitter.com/boZ1oLHdZC
— CGTN America (@cgtnamerica) October 18, 2021