China Q3 economic growth slows to 10.4% – Sun Yu

From Financial Times:

China’s economy grew 10.4 per cent in the third quarter, slowing markedly from the first half of the year and showing the government’s controls on investments and land use are taking effect.

The slowdown means the government is less likely to introduce further tightening measures, such as interest rate rises, until the end of the year.

The National Bureau of Statistics said on Thursday that gross domestic product expanded 10.7 per cent to Rmb14,100bn ($1,780bn) in the first three quarters of the year. In the second quarter, annual growth reached 11.3 per cent.[Full Test]

Also see China GDP Outlook Is Strong, Economists Expect10.5% Quarterly Rise

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