China GDP likely to slow to 6.1% in July-Sept: survey

Median estimate forecasts lowest quarterly growth since 1992

Sagging exports of goods affected by U.S. tariffs, as well as tighter controls on properties, are adding downward pressure on China's economy. © AP

TAKESHI KIHARA, Nikkei staff writer

October 8, 2019 17:02 JST

HONG KONG -- China's real gross domestic product for the July-September quarter has continued to slow, to 6.1% on the year, dragged down by sagging exports and production, according to the average forecast of economists surveyed by Nikkei and Nikkei Quick News.

The prolonged trade war with the U.S., worsening cash-flow problems of businesses and a mountain of local government debt are beginning to put downward pressure on the economy.