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China's Third Quarter GDP Slows, Raising Global Growth Worries

China’s economic woes continue as country's growth slows to levels not seen since 2009.

China’s economic woes continue. The world’s second largest economy grew 6.9 percent during the third quarter. While that's ahead of estimates of 6.8 percent, it raises questions over whether the world's second largest economy can meet its 7 percent growth target for 2015. Craig Erlam, senior market analyst at London-based Oanda says the numbers should be taken with a ‘pinch of salt’ as the better than expected print raises questions over the reliability of the economic data out of China. Erlam also thinks the slowing GDP puts a global economic slowdown into the spotlight, especially given the International Monetary Fund’s move earlier this month to cut its world growth forecast for 2015. TheStreet’s Scott Gamm reports from New York.

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