Economists are more bearish on the China than at any time since the global financial crisis, highlighting the challenge for policymakers as they seek to arrest a slowdown in the country’s economy.
Analysts expect gross domestic product figures due out next Monday to show real growth at 6.7 per cent for the third quarter, lower than the official full-year target of “around 7 per cent”, according to a Bloomberg survey of 25 economists. Official data showed real growth at 7 per cent in both the first and second quarters this year.
The assessments come amid growing questions over the depth of China’s slowdown and the reliability of the country’s economic numbers.