The rate of growth in China's gross domestic product slowed for the seventh quarter in a row. The WSJ's Bob Davis explains how these numbers are affecting domestic industries and the global economy.

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... the ... China's economy continues to slow down with third-quarter GDP figures out today ... joining me now is Wall Street Journal Senior ... Editor Bob Davis mom thanks so much for joining us today what some data points coming out of time and this morning ... can you walk through some of the key points ... well remain ... the main show ... and is the GDP number ... that was down from seven point six percent to seven point four percent ... higher second-quarter row of declining growth ... of the e analyst Judy use look to other numbers there are that ... they thought indicated that we may be close to the bottom ... I and Asher production was up roughly ten percent ... retail sales were up fourteen percent term ... investment say I'm in infrastructure said investments are up over twenty percent ... so I mean there's some possibility that this maybe be toward the bottom ... of what has been a pretty steady at the celebration in the world's second-biggest economy ... um what are the implications when a fifteen certificate to specifically internationally ... well I mean China is the world's second-biggest economy is the huge import market ... for all sorts of goods from commodities from Africa and Latin America ... construction machinery in the U S machine tools in Germany ... services ... to run all these different projects ... and to the extent that China slows the means ... a further slowdown ... in the rest of the global economy which has a ... very few places to look for growth ... my one industry specifically will be impacted in your opinion ... Walcott is is this one certainly aam ... they have an impact in the mean they've been ... really hurting over the past year or so ... in large measure because the ... slowdown in China ... ALM that continues ... maybe as I stand in the turnaround at some point or maybe relatively soon but ... but that they would be the biggest thing you see it in other things like ... Otis elevators I as I recall ... aam now I had a disappointing earnings and a lot of that had to do China ... you are building quite as many iam you know hotels that needed their elders ... when any comments about the outlook specifically at premia when job that can came out and said that ... an economic conditions are stabilizing when does that say about the rest of the eight the year and ... China's target of seven ... point five percent growth for this yet ... what what you know it's funny I mean I look good they are wet when it in a very yet us ... centric twenty view is basically spinning ... Damiani comes added you know his remarks released a day before the official numbers ... the official numbers are down ... for the seventh ... quarter I'll ... he talks about how things are stabilizing well ... find their stabilize around seven a half percent ... which is why he said early in the air was the the growth target ... that that tiny said ... seven a half percent was seen as a ... low ball figure China never gets close to ... the official estimates its only uses a signpost ... says SAIC is brazenly spinning and trying to ... put the best gloss on what are still disappointing numbers ... and somehow of markets reacting and this morning to the news ... amid a generally positive ... I think that's because the iam ... the numbers came in and expected the walls there is some ... sense that that is maybe toward the bottom that ... United were mean ... markets are markets I mean they react this way ... today was to have a smile ... given other predictions earlier in the year that we've reached the bottom that didn't turn out to be true ... okay thanks very much for joining us from BJ Madina Swansea Channel senior pastor