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Published on Monday, July 23, 2018 | Updated on Thursday, July 26, 2018

China Economic Outlook. Third quarter 2018

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Summary

Q2 GDP moderated to 6.7% y/y amid the trade war and domestic deleveraging, down from the previous reading at 6.8% y/y and in line with the consensus. In particular, outturns of trade, industrial production and investment are below the market expectations and the previous readings. Headwinds are from domestic deleveraging initiatives and trade war with the US externally.