China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters.
“The national economy showed positive signs of growth in September,” Sheng Laiyun, the bureau’s deputy commissioner, said at the news conference, according to CNBC’s translation of the Chinese.
Other data also released on Friday, such as retail sales and industrial production, also beat expectations, a hopeful sign for the world’s second-largest economy.
“Despite the multitude of challenges, China’s economy is not incurable as some would suggest,” Xu added.
Authorities continued to dip feed more stimulus measures throughout this month amid low consumer sentiment and a flagging property sector.
Persons:
” Sheng Laiyun, ”, Tianchen Xu, ” Xu, Finance Lan
Organizations:
China’s National Bureau, Statistics, Reuters, Economist Intelligence Unit, China’s, Finance, Ministry
Locations:
China’s, Beijing