Is China Still on Track to Reach Its Growth Target?
China’s economic growth remained stable in the third quarter, all but ensuring the government’s full-year growth target and opening a window for policy makers to deliver on vows to rein in excessive credit and surging property prices. Gross domestic product rose 6.7 percent in the third quarter from a year earlier, matching the median projection by economists surveyed by Bloomberg, and smack in the middle of the government’s 2016 goal of 6.5 percent to 7 percent growth. Services industries paced the expansion in the first nine months of the year, expanding 7.6 percent. Royal Bank of Canada Head of FX Strategy Sue Trinh and Coutts & Company Chief Investment Officer Alan Higgins discuss with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."