The Traderszone Network

Published in TZ Latest News 13 October, 2015 by The TZ Newswire Staff

China third-quarter growth seen dipping to 6.8 percent, weakest since 2009

China’s economic growth is expected to fall below 7 percent for the first time since the global financial crisis in the third quarter, putting pressure on policymakers to roll out more support measures as fears of a sharper slowdown spook investors. The CICC expects the central bank to deliver another 25-basis point (bps) cut in interest rates and two cuts in bank reserve ratios totaling 100 bps by year-end.