China GDP fails to rouse global markets

Third quarter GDP figures announced from China today show the world’s second largest economy growing at 6.9%. This figure represents a slight decrease from Q1 and Q2 figures at 7% and 7.3% respectively. This quarter has seen growth from emerging markets helping to offset the continued weakness in China’s manufacturing and property sectors. Although this figure means the country is on course to meet its 7% growth target for 2015 global investors have kept their cautious tone in the market waiting for firmer economic data before shifting to a “risk on” environment.