China's third-quarter GDP growth slightly surpassed expectations with a 4.6% increase.

China's third-quarter GDP growth slightly surpassed expectations with a 4.6% increase.
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.

by Christina Zhao

China Economy