“My forecast is for a further decline of 1.2% [on a quarterly basis for China’s GDP]. China’s GDP declined 2.6% in the second quarter from the previous one, reversing a 1.4% growth in the January-to-March period. Economists polled by Reuters have expected China’s GDP to expand by 3.4% in the third quarter from a year earlier. Many international organizations, including the IMF and World Bank, have recently downgraded China’s GDP growth forecasts for this year. Bennett expected the third-quarter GDP data to be released after the Party Congress.

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