China’s economy grows at slowest pace in 6 years (if you can trust the data)

China’s growth figures are out.

The world’s second largest economy posted its slowest growth since the financial crisis, erasing hopes of a quick recovery.

Gross domestic product expanded by 6.9% in the third quarter, compared to the same period last year, according to data released today by China's National Bureau of Statistics.

The Money Show’s Bruce Whitfield interviewed Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment.

Scroll down for quotes from the audio below.

I think China is actually growing between 0% and 3%.

Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment

Credit growth is growing strongly, which is part of the problem.

Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment

China needs a pause.

Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment

China’s lower growth is priced into commodity prices already.

Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment

The pullback in emerging markets is a good thing as it forces governments to reform.

Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment

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This article first appeared on 702 : China’s economy grows at slowest pace in 6 years (if you can trust the data)


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