The Chinese language financial system grew 4.9% from a yr earlier within the third quarter of the yr, slowing from the expansion price within the earlier quarter because the headline progress determine was damage by a excessive base comparability with the identical interval a yr earlier.
The consequence beat the 4.5% financial progress anticipated by economists polled by The Wall Avenue Journal, and fell far in need of the 6.3% year-over-year progress price recorded within the second quarter.
Compared with the second quarter of the yr, China’s gross home product rose 1.3% within the July-September interval, quickening from the 0.8% quarter-over-quarter progress recorded within the second quarter, China’s Nationwide Bureau of Statistics mentioned Wednesday.
For the primary 9 months of the yr, China’s GDP expanded 5.2% from a yr earlier, above Beijing’s official progress goal of round 5.0% progress for this yr.