China's Li expects GDP of over 7.5% in January-September

|By:, SA News Editor

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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