Shanghai Composite tumbles as China’s GDP miss estimates

Shanghai Composite Index (SHCOMP) price fell yesterday after the latest GDP data shows that the country’s economy grew at a lower-than-expected rate. Fundamental analysis: ‘Complicated international environment’  A new data from the National Bureau of Statistics of China showed that the country’s economy has grown in the third quarter, continuing its recovery from the coronavirus. China posted a GDP growth of 4.9%, compared to the same period last year. This means that during the first three quarters of the year, China’s economy expanded by 0.7% compared to the same period a year ago.  The growth in the third quarter was