China’s official GDP growth dropped marginally in Q2 to 6.7% yoy, versus 6.8% yoy in the preceding three quarters, remaining above the 6.5% target for 2018, notes Arjen van Dijkhuizen, Sr. Economist at ABN AMRO. Key Quotes “The slowdown reflects the impact of the financial deleveraging campaign – with for instance a crackdown on shadow banking – and a slowdown in infrastructure spending. The growth contribution of consumption rose further to 78.5% in 1H2018, illustrating the ongoing rebalancing.” “Given the lack of volatility in official growth, we look to alternative indicators including Bloomberg’s monthly GDP tracker.” “We expect China’s gradual slowdown to continue in the coming quarters, with external risks rising as tensions with the US escalate.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK govt. spokesman: Chequers plan is the only way to get a Brexit deal that meets govt. objectives FX Street 5 years China's official GDP growth dropped marginally in Q2 to 6.7% yoy, versus 6.8% yoy in the preceding three quarters, remaining above the 6.5% target for 2018, notes Arjen van Dijkhuizen, Sr. Economist at ABN AMRO. Key Quotes "The slowdown reflects the impact of the financial deleveraging campaign - with for instance a crackdown on shadow banking - and a slowdown in infrastructure spending. The growth contribution of consumption rose further to 78.5% in 1H2018, illustrating the ongoing rebalancing." "Given the lack of volatility in official growth, we look to alternative indicators including Bloomberg's monthly GDP tracker." "We expect China's gradual… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
