real-time news and commentary for investors
Thursday, Oct 10
China's Li expects GDP of over 7.5% in January-September
- Chinese Premier Li Keqiang said his country's GDP probably expanded more than 7.5% in the first nine months of the year, with the economy showing "stronger momentum of steady growth” in the past few months.
- Economists estimate that GDP accelerated to +7.8% in Q3 from +7.5% in Q2. The data is due out on October 18.
- Everbright Securities economist Xu Gao says the recovery is "obvious in the third quarter, but whether the momentum can be sustained is open to question."
- Shanghai Composite -1%.
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