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Big turnaround or just a dead-cat bounce?

Updated: 2013-10-28 07:26
( China Daily)

Economy | Zhou Feng

Gross domestic product in China grew 7.8 percent from July to September, the second-best performance since last year. The growth lifted the economy to a safe zone from what top policymakers deemed as the bottom line of 7.5 percent in the second quarter.

It is now safe to say China will meet its yearly target of GDP growth of at least 7.5 percent. It is very likely that growth for the year will be around 7.6 percent, or even higher.

Big turnaround or just a dead-cat bounce?

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