China’s economy grew 6.7% in third quarter, in-line with previous quarters in 2016 and economists’ expectations. “I think this is largely another ‘breathe a sigh of relief’ quarter for the Chinese economy,” said Jasper Lawler, a market analyst at CMC Markets in London. “The yuan is trading at its lowest level all year – the last thing we need is a repeat of the way we started 2016 with fears over the Chinese economy and another bout of currency devaluation – that doesn’t look like its in the cards.” China’s economy grew 6.9% in 2015. TheStreet’s Scott Gamm reports from Wall Street.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
