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China's third quarter growth 6.9pc, down from 7pc in second quarter
CHINA's official growth in the year's third quarter slipped to 6.9 per cent from seven per cent in the second quarter, The Associated Press reported.
"Continued downward pressures from real estate and exports caused GDP growth to drop," said Louis Kuijs of Oxford Economics. "But robust consumption and infrastructure prevented a sharper slowdown."
While the latest data marked the slowest quarterly growth rate since the first quarter of 2009, Sheng Laiyun, a spokesman for the National Bureau of Statistics, said that the headline figure's fall "indicates the restructuring and upgrading of the Chinese economy are going steadily."
"Continued downward pressures from real estate and exports caused GDP growth to drop," said Louis Kuijs of Oxford Economics. "But robust consumption and infrastructure prevented a sharper slowdown."
While the latest data marked the slowest quarterly growth rate since the first quarter of 2009, Sheng Laiyun, a spokesman for the National Bureau of Statistics, said that the headline figure's fall "indicates the restructuring and upgrading of the Chinese economy are going steadily."
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