China's economic growth in the third quarter is expected to fall below seven per cent for the first time since the global financial crisis, putting pressure on policymakers to roll out more support measures as fears of a sharper slowdown spook investors.
Chinese leaders have been trying to reassure global markets that Beijing is able to manage the world's second-largest economy, after a shock devaluation of the yuan and a summer stock market plunge fanned fears of a hard landing.
But even the government concedes the economy is entering a slower growth phase.
That would be the weakest pace of expansion since the first quarter of 2009, when it tumbled to 6.2 percent, but far from an alarming loss of momentum.
Chinese leaders have been trying to reassure global markets that Beijing is able to manage the world's second-largest economy after a shock devaluation of the yuan and a summer stock market plunge fanned fears of a hard landing.
Chinese leaders have been trying to reassure global markets that Beijing is able to manage the world's second-largest economy, after a shock devaluation of the yuan and a summer stock market plunge fanned fears of a hard landing.
But even the government concedes the economy is entering a slower growth phase.
Also Read
Growth in third-quarter gross domestic product (GDP) likely slowed to 6.8 per cent from the same period last year, according to a Reuters poll of 50 economists.
That would be the weakest pace of expansion since the first quarter of 2009, when it tumbled to 6.2 percent, but far from an alarming loss of momentum.
Chinese leaders have been trying to reassure global markets that Beijing is able to manage the world's second-largest economy after a shock devaluation of the yuan and a summer stock market plunge fanned fears of a hard landing.