China's NBS Sheng: Slight drop in Q3 GDP partly due to weak global economy

FXStreet (Bali) - China's National Bureau of Statistics spokesman Sheng Laiyu, following the 6.9% Q3 GDP YoY, said China still showing growth of around 7%, adding that pressure to cut overcapacity mounted, and that the slight reduction in GDP Growth was partly due to weak global economy as well as Fed rate hike expectations.