China's Stats Bureau: Economy faces relatively big downward pressure

Omkar Godbole FXStreet Contributor

China's economy is facing relatively big downward pressure amid the rise in external uncertainties, Stats Bureau Chief said on Friday.

The economy's annualized growth rate slowed to 6% in the third quarter from the second quarter's growth rate of 6.2%.

Essentially, the growth rate slipped to the lower end of the government's 6-0-6.5% range in the third quarter.

Key quotes

China's economy faces complex and serious situation, rise in external uncertainties.

China's economic operations generally steady in Jan-Sept.

There are many domestic factors to underpin growth despite rising external uncertainties.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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