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Chinese growth dips again

The economy of China, which has a profound effect on UK waste exports, has recorded lower growth for the seventh quarter in a row.

The annual rate of growth was 7.4% in the third quarter, down from 7.6% in the previous three months.

Despite the fall, some economists suggested there were signs that China’s economy was now stabilising.

“Concerns over continued slowdown can now be put to rest,” said Dariusz Kowalczyk, senior economist at Credit Agricole-CIB told the BBC.

“The last month of the quarter brought acceleration of industrial output, retail sales and fixed asset investment in year-on-year terms, highlighting the fact that improvement of momentum of the economy was particularly strong in September.”

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