China Third-Quarter GDP Accelerates to 7.8%

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Oct. 18 (Bloomberg) -- Bloomberg’s Jonathan Ferro examines economic data out of China as GDP rose to 7.8 percent in the third quarter and industrial production and retail sales both posted gains. He speaks on Bloomberg Television’s “On The Move.”

China delivered accelerated economic growth for the first time in three quarters.

John is here to break down this data.

You have an acceleration in growth.

You also had industrial retail sales in line with estimates.

They are well on target to hit the growth target.

What if they missed it.

Bank of america called a mini stimulus package implemented in the summer.

You had tax cuts together with other infrastructure projects.

If this rolls into next year is a big question.

They swing the pendulum back to domestic led growth.

The company is likely to increase the growth target.

How does this play into markets?

It depends how much weight you put on the data coming from china.

If you combine upbeat data with downbeat data.

That certainly contradict the consensus view it listed only a matter of months ago.

The aussie dollar could be the one to benefit from this.

We are just below 97 right now.

Still with us is the head of global management.

Talk to me about china.

We have better than expected

This text has been automatically generated. It may not be 100% accurate.


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