China's third-quarter GDP growth slightly surpassed expectations with a 4.6% increase.
- The National Bureau of Statistics of China reported a 4.6% year-on-year GDP growth in the third quarter, surpassing the 4.5% forecast by economists surveyed by Reuters.
- Beijing is under public scrutiny for its ability to achieve its annual growth target of approximately 5%.
The National Bureau of Statistics of China reported a GDP growth of 4.6% in the third quarter, slightly higher than the 4.5% predicted by economists surveyed by Reuters.
That's less than the second-quarter growth of 4.7% year on year.
According to CNBC's translation of the Chinese, Sheng Laiyun, the bureau's deputy commissioner, stated at a press conference on Friday that the national economy exhibited positive growth indicators in September.
Beijing is under public scrutiny for its ability to achieve its annual growth target of approximately 5%.
In an attempt to revive its sluggish economy, the Chinese government has recently increased its stimulus measures amid low consumer sentiment and a struggling property market.
This is a developing story. Please check back later for updates.
China Economy
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