The Financial Times (via their FastFt service, gated) says:
- There is only one number that matters in Asia on Tuesday
- It has the potential to send global markets into a spin
They are referring, of course, to the Q3 China GDP due at 0200GMT.
The article goes on:
- President Xi Jinping's government has a 7.5 per cent GDP target for the whole of 2014, although the IMF has predicted this will be missed.
- If the quarter's growth trails the official target, expect economists to widely predict the Chinese government will launch another major stimulus package.
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More news/previews on the release:
- PREVIEW- China Q3 GDP result is going to be a key market focus
- Preview: Is Chinese GDP a win-win for the Australian dollar?
- China Business News: China may set a lower GDP growth target for 2015
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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