China Quarterly GDP Growth Eases Slightly to 1.8% in Q3

The Chinese economy advanced by 1.8 percent quarter-on-quarter in the third quarter of 2016, compared to an upwardly revised 1.9 percent growth in the previous three months and in line with market estimates.

Many uncertain factors in the economy remain, the National Bureau of Statistics said in a statement on its website. It also acknowledged that the foundation for sustained growth is not solid.

Year-on-year, the economy advanced an annual 6.7 percent in the September quarter 2016, the same pace as in the previous two quarters and matching consensus.

For 2016, the Chinese government is targeting the economy to grow between 6.5 to 7.0 percent. A year earlier, the economy expanded by 6.9 percent, the weakest since 1990.

National Bureau of Statistics l Rida Husna |
10/19/2016 6:23:32 AM