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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%.
  • ETFs - Stocks: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS. Bonds: DSUM, CHLC. Currency: CNY, CYB, FXCH
Comments (1)
  • samuel_liu
    , contributor
    Comments (2797) | Send Message
     
    "probably expanded"

     

    What's up don't trust the government statisticians?
    10 Oct 2013, 06:36 AM Reply Like
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