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China’s Slowing Growth Rate Will Likely Hit Oil Prices

Robert Scott
China’s Slowing Growth Rate Will Likely Hit Oil Prices

In the third quarter, China’s GDP grew 6.5% on a YoY (year-over year) basis—the weakest pace since 2009. A Reuters poll indicated that the growth rate would cool at 6.6%. The ongoing trade war with the US will likely weaken China’s growth rate.