China's GDP revised down

The tension in the Chinese stock market has returned  today.

The investors reacted negatively to the weak data on the economic growth in China.

The Gross Domestic Product (GDP) in China expanded 7 % in the second quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in China averaged 9.04 % from 1989 until 2015, reaching an all time high of 14.20 % in the fourth quarter of 1992 and a record low of 3.80 % in the fourth quarter of 1990. 

China revised down its GDP growth to 7.3 percent for full 2014, 0.1 percentage point lower than the previously released figure of 7.4 percent as services sector expanded less than initially projected. 

China's total GDP in 2014 was CNY63.6139 trillion, down CNY32.4 billion fromthe initial estimate of CNY63.6463 trillion, according to thethe statement posted on the National Bureau of Statistics website onSeptember 7th, 2015.

Shanghai Composite index reported a decline of 2.55% at the end of today's trading, as the stock market in Shanghai remained a loss of nearly 40 %t from the record highs reached in mid-June.

Tomorrow is expected to be announced important data on the trade balance of the country in August in the light of forecasts for a fall in both imports and exports.