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China's gross domestic product grew 6.9 percent in the second quarter, flat with the first quarter and above the government's annual target of around 6.5 percent. The country will release economic figures for the third quarter Thursday.
China's ongoing efforts to improve air quality will not only benefit the air purifier sector, but also weed out less qualified players and provide a solid foundation to companies with genuine technological edge, according to a senior industry executive.
China's growth momentum is important "for countries that are connected to the Chinese economy through global value chains", where demand from China is an engine for growth, IMF Managing Director Kristalina Georgieva said in mid-October.
China's nonmanufacturing PMI was slashed from 54.1 for the previous month to 29.6 in February, sending last month's composite PMI, which covers manufacturing and nonmanufacturing activities, to 28.9, versus 53.0 in January.
China's consumption has started to recover as its total volume of retail sales re-achieved positive growth this August, said Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics, a Washington DC-based think tank, adding that retail sales are expected to speed up recovery due to stimulus by "revenge spending" in the Golden Week.
来源：资阳报