This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24576773
The article has changed 5 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
China's economic growth picks up speed in third quarter | China's economic growth picks up speed in third quarter |
(35 minutes later) | |
China's economic growth picked up pace in the July-to-September period - the first rise in three quarters. | China's economic growth picked up pace in the July-to-September period - the first rise in three quarters. |
The world's second-biggest economy grew 7.8%, from a year earlier, up from 7.5% expansion in the previous quarter. | The world's second-biggest economy grew 7.8%, from a year earlier, up from 7.5% expansion in the previous quarter. |
Other data released also showed a growth in industrial output, retail sales and fixed asset investment. | Other data released also showed a growth in industrial output, retail sales and fixed asset investment. |
After years of blistering growth, China has seen its pace of expansion slow recently and there have been fears that growth may slow further. | After years of blistering growth, China has seen its pace of expansion slow recently and there have been fears that growth may slow further. |
"This is an indication that China's economic growth is holding up in a range which is within the comfort zone of both the Chinese policymakers as well as global watchers," said Song Seng Wun, a senior economist with CIMB Research . | |
China has set a growth target of 7.5% for the year and analysts said the latest numbers indicated that it was likely that Beijing would meet this. | |
Factory output rose 10.2% in September, from a year earlier. Meanwhile, retail sales rose 13.3% and fixed asset investment jumped 20.2% during the month from levels a year ago. |