China’s third-quarter economic growth came in stronger than ...
China’s third-quarter economic growth came in stronger than expected, boosting hopes that the world’s second-largest economy will meet or even exceed Beijing’s target for about 5% this year.
Economic activity has shown signs of stabilization in recent data. On Wednesday, September data for retail sales and industrial production also bested median forecasts, with the cumulative fixed asset investment print for the first nine months this year slightly below expectations.
China posted 4.9% growth in the July to September quarter from a year earlier, according to a release from China’s National Bureau of Statistics on Wednesday.
That’s stronger than economists expectations for third-quarter GDP of 4.6%, according to a Reuters poll. This follows the 6.3% print for the April-June quarter and 4.5% growth for the January-March quarter.
On a quarter-on-quarter basis, China’s economy grew 1.3% in the third quarter, stronger than economists’ expectations for a 0.9% growth. Second-quarter GDP growth was revised to 0.5%.
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MiltonWong : well DMF prices is back to 4900 levels...and this level is not gd enuff for Jiutian to break even you need 5500-6000 levels ....so Q3 is guaranteed loss...continue to short to 0.025. Full year losses is likely.
beedeebee MiltonWong: I think the losses was due to the revaluation of asset. So not exactly making losses. But not sure why these 3 days are going down so sharply.
MiltonWong : Full year loss, net cash 200 mio sgd drop to 100 mio sgd, new methylamine plant going live in 2024 but no pt as it will incur losses since product prices not profitable, foreign investors are panic selling china equities too. In short plenty of bad news