Date
18 October 2017

BofA Merrill Lynch tips slower 4Q GDP growth, Xinhua says

China’s economic growth rebounded in the third quarter to 7.8 percent, but is expected to dip to 7.7 percent in the fourth due to depletion of excess inventory, Xinhua reported Thursday, citing Lu Ting, head of Greater China economics at Bank of America Merrill Lynch Global Research, as saying. Lu said he expects inflation to remain within three to four percent next year, and to be driven mainly by rises in labor costs, the report said.

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