China Q4 GDP growth may accelerate to 6.6% – Shanghai Press

Dhwani Mehta FXStreet

Solid expansion in the Chinese manufacturing sector last month points to a stronger GDP in the fourth quarter of 2020, Shanghai Securities News reports, citing economists.

Key quotes

“China's Q4 GDP growth may accelerate to 6.6% from 4.9% in Q3 as the November PMI recorded 52.1, up 0.7 points from October and within the expansion zone for the ninth month. “

“Both manufacturing and non-manufacturing PMIs should continue to expand in December as consumption and service industries continue to recover.”

AUD/USD remains bid above 0.7350 after China Caixin PMI

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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