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Macroeconomic outlook report: China

Third quarter of 2017

During the third quarter of 2017, the Chinese GDP recorded a deceleration in its year-over-year growth rate with respect to the previous quarter, down to 6.80%. The unemployment rate stood at a 3.95% rate. The Chinese renminbi recorded a slight appreciation standing at 6.66 RMB/$, while the inflation increased up to a rate of 1.60%.

Macroeconomic overview

  • During the third quarter of the year, the Chinese economy recorded a deceleration of 0.10 p.p. in its year-over-year growth rate with respect to the previous quarter, down to 6.80%. This behavior was mainly due to the stabilization of investment.
  • The unemployment rate stood at 3.95% in the third quarter, after decreasing by 0.05 p.p. when compared to the previous quarter.
  • The renminbi appreciated against the dollar, reaching 6.66 RMB/$ after an increase of 0.17 RMB/$. This appreciation is attributed to the weakening of the dollar as a result of the political uncertainty.
  • The inflation rate stood at 1.60%, after an increase of 0.20 p.p. compared to the previous quarter. This rate is below the 3% target set by the People’s Bank of China.

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© GMS Management Solutions, S.L., 2018. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.