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Investors didn't trust to chinese data

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Investors spent the start of their week running a fine-tooth comb through the official growth figures out from China.

Official figures released Monday showed that the world's second-largest economy expanded by 6,9% in the last quarter, slowing from with 0,1% in the previous quarter. The figure was better than market expectations for 6,8% but still at its slowest pace since the global financial crisis.

Considering the situation, these figures seem quite suspicious. The result wasin't late and speculatiors said that it was a "genuine number".

Leading figures from the financial sector expressed doubts that the Chinese authorities haven't provide strong enough arguments on data alluding how weak some of the more recent individual data components have been.

Official figures are critiqued harshly by global investors and are under closer scrutiny this quarter after growth concerns and a yuan devaluation roiled global markets in August and September.

 

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