China Seen Posting Slowest Economic Growth In 25 Years As Policy Risks Grow
China is expected to report its weakest quarterly economic growth in nearly seven years on Tuesday, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets.
Chinese leaders have been struggling to put a floor under the economy, even as a fresh plunge in its stock markets and yuan currency CNY=CFXS have stoked worries from Washington to Wellington that conditions may be rapidly deteriorating.
Fourth-quarter gross domestic product (GDP) growth is expected to slow to 6.8 percent from a year earlier, down from 6.9 percent in the third quarter and the weakest since early 2009, according to analysts polled by Reuters.
Full-year growth is seen at 6.9 percent, enviable by Western standards but China's poorest showing in a quarter of a century.
Analysts expect the world's second-largest economy will cool further this year, with growth of 6.5 percent even if Beijing hikes spending and cuts interest rates again as widely expected.
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http://www.reuters.com/article/us-china-economy-gdp-idUSKCN0UW28L
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