Market Interpretation of Major Chinese Economic Results on Metals Market, SMM Interviews

SHANGHAI, Oct. 21 (SMM) – China’s National Bureau of Statistics released the results of major economic data today, with major indicators pointing to a stabilization in China’s economic growth in September. 

“The higher-than-expected GDP growth during 3Q, up 7.3 percent from a year earlier, will be good for short-term financial markets, but risks from trust default and cash strains will be increasing during the rest of the year, turning banks wary of granting loans,” an analyst from Guosen Futures told SMM in an interview.