China's Q3 GDP seen striking 9% according to a forecast today from China's State Council,...

|By:, SA News Editor

China's Q3 GDP seen striking 9% according to a forecast today from China's State Council, following 7.9% and 7.1% growth in Q1 and Q2. Cantor Fitzgerald economist Uwe Parpart was upbeat, saying the China factor "has already proved more important than most economists had thought possible. A process of global rebalancing is underway and is capable of forestalling an economic double-dip." (ETFs: FXI, PGJ)