The China Quarterly Report provides a look into China’s macroeconomic situation, as well as economic indicators, significant policy announcements, and developments in the spheres of inbound and outbound investment. China’s GDP grew by 7.3 percent for the third quarter of 2014 and 7.4 percent for the first three quarters, close to the government’s 2014 target of 7.5 percent. Accumulated Fixed Asset Investment growth fell to a yearly low of 16.1 percent in September, while the Purchasing Managers Index (PMI) was still positive at 51.1, but down from a seven-month high of 51.7 in July. ODI in the non-financial sector increased by 21.6 percent year-on-year through the first three quarters of the year, with the highest growth seen in the EU, Japan and Russia. FDI declined by 1.4 percent year-on-year through the first three quarters of the year. While the service sector still saw solid FDI growth, manufacturing sector FDI experienced a double-digit decline.
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