China stocks have worst day in a month after bleak GDP data

China stocks have worst day in a month after bleak GDP dataChina stocks fell on Friday, posting their steepest daily drop in a month to end the week lower, as weaker-than-expected GDP growth deepened worries over the health of the world’s second largest economy amid a trade war that is more than a year old. ** China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. ** “Given exports are unlikely to stage a comeback and a possible slowdown in the property sector, the downward pressure on China’s economy is likely to continue, with fourth-quarter economic growth expected to slip to 5.9%,” Hwabao Trust economist Nie Wen said.



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