China's economy at risk of not meeting the 7.5% target

Source: Reuters
© Scanpix/FP
So far in the fourth quarter the China's economy demonstrates weakness due to softening in the export demand and decreasing activity in the real-estate market. The downturn is also evidenced by the latest reading of services PMI, which stood at 53.8 in October, down from 54.0 a month earlier. However, many economists expected more resilience from the world's second largest economy, as it adopted various stimulus measures, which for now do not seem to have an intended effect on the economy.
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