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| China's economy grows steadily at annual rate of 6.7% | China's economy grows steadily at annual rate of 6.7% |
| (35 minutes later) | |
| China's economy grew at an annual rate of 6.7% in the three months to September, government data showed, a sign that growth is stabilising. | |
| The figure was the same rate as the previous two quarters, and was in line with forecasts. | |
| The spell of stability will reassure investors after China's markets and currency crises earlier this year sparked fears of a further slowdown. | |
| China's economic performance has a big knock-on impact around the world. | China's economic performance has a big knock-on impact around the world. |
| Full year growth for 2016 is still likely to be weaker than last year's, which was already the slowest in 25 years. | |
| And there are growing concerns that growth is being propped up by government spending and growing debt - with private investment tumbling to record lows. | |
| Construction boom | |
| "The general performance was better than expected," the National Bureau of Statistics said in a statement when releasing the data on Wednesday. | |
| The figure is in line with Beijing's growth target of 6.5%-7% for the year. | |
| Real estate has been a driving force behind China's economy this year, with separate data released on Wednesday showing that investment in property rose by 5.8% between January and September with sales increasing by almost 27%. | |
| This is despite government efforts to try and prevent more property bubbles - with some cities demanding bigger mortgage deposits or banning second homes. | |
| Karishma Vaswani: Pigeon lofts and tulip fever | |
| China is the world's second-largest economy and the second-biggest importer of both goods and commercial services. | China is the world's second-largest economy and the second-biggest importer of both goods and commercial services. |
| China also plays an important role as a buyer of oil and other commodities. Its slowdown in growth has been a factor in the decline in prices of those goods. | China also plays an important role as a buyer of oil and other commodities. Its slowdown in growth has been a factor in the decline in prices of those goods. |