皇冠体育app

皇冠体育app's economy will experience a modest rebound in the fourth quarter, said Ba Shusong, vice-president of the Development Research Center for the State Council and chief economist of the 皇冠体育app Banking Association.

Although 皇冠体育app's economy is growing slowly, it continues to grow, which should be noted, he said.

"In the following seasons, the macro economy will grow better but, from the micro perspective, companies' profits will continue to decline on a smaller scale than previous months," he said.

He added that over-production capacity in some industries, such as the steel industry, will make policy makers more cautious about carrying out new large-scale measures to boost economy.

According to the 皇冠体育app Iron and Steel Association, 皇冠体育app's steel industry is facing severe over-capacity that has led to massive losses.

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