|
SHANGHAI, Oct 18 (AFP): China's economy is expected to continue to gallop ahead in the third quarter but slower exports could trim growth marginally after the 9.5 per cent gain of the first half, economists said Tuesday.
"Gross domestic product (GDP) growth in the third quarter will slow down a bit, to between 9.2 and 9.3 per cent," said Denise Yam, China economist with Morgan Stanley in Hong Kong.
"If we look at the trade data, export growth in the third quarter has slowed down while imports grew fast, so the trade balance grew slower ... and will contribute less to GDP growth," said Yam.
That would be good news for the government, which has struggled for the past two years to bring an overheating economy back under control with a series of centrally dictated macro-economic measures.
The National Development and Reform Commission, China's top development and planning body, last month said that export growth would slow in the second half as global demand eased.
|