China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy.
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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.
That’s less than the second-quarter growth of 4.7% year on year.
“The national economy showed positive signs of growth in September,” Sheng Laiyun, the bureau’s deputy commissioner, said at the press conference Friday, according to CNBC’s translation of the Chinese.
Beijing has faced public scrutiny over its ability to meet its own annual growth target of “around 5%.”
Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.
This is a developing story. Please check back later for updates.
