Talk Money: October 20, 2015

  • 20/10/2015
(Paul Henry)
(Paul Henry)

Growth in the world's second biggest economy has slowed.

China's gross domestic product (GDP) slipped to 6.9 percent in the September quarter, compared to 12 months before.

That is below the Government's target of 7 percent. It is the first time that China's GDP has fallen below 7 percent since 2009.

Industrial production dipped to 5.7 percent, whereas analysts had predicted 6 percent. China's retail sector grew at 10.9 percent year-on-year.

But can the figures be trusted? There is plenty of scepticism with some analysts saying the real growth rate could between 3 to 4 percent.

Analysts look at factors like rail cargo volumes and electricity use to try to get a more accurate picture of how the economy is doing.

Watch the video for the full Talk Money segment.