The world’s second-largest economy grew 6.7 percent on-year during the July-September quarter, unchanged from the previous period , government data showed on Wednesday.
The report was bang in line with Reuters’ prediction and revealed a steadying pace of expansion as the Chinese government ratchets up spending and as a property boom offsets stubbornly weak exports.
Asset bubbles and debt levels have raised alarm bells about the Chinese economy but unlike earlier this year, there were fewer jitters about China’s growth figures ahead of the release.
Premier Li Keqiang gave markets a heads up on October 10 by saying said country’s economy performed better than expected in the third quarter and that debt risks were under control.
Asian equity markets were little changed following the release, while the Australian dollar was steady at $0.7685.
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