BEIJING, Oct 19, (APP/AFP) – China’s growth was steady at 6.7 percent in the third quarter, government data showed Wednesday, a sign of stabilisation in the world’s second-largest economy. The results slightly exceeded the median analyst expectation of 6.6 percent in an AFP poll. “The general performance was better than expected,” the National Bureau of Statistics (NBS) said in a statement. “The national economy grew steadily with progress made and quality improved.” The figure keeps China on track to meet Beijing’s target of 6.5-7.0 percent growth for this year, but comes amid warnings that authorities have relied too much on easy credit, increasing financial risks. “We must be aware that the economic development is still in a critical period of transformation and upgrading, with old drivers of growths to be replaced by new ones,” the NBS said.
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China GDP growth stable at 6.7% in third quarter: govt
