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China's Q3 growth holds steady at 6.8%

Increased buzz in construction a key growth driver; but state investment grew faster than private investment y-o-y, despite Beijing's push for private-sector innovation

Beijing

CHINA'S economy continued to expand at a steady rate over the third quarter, supported by strong data for the month of September.

The country's gross domestic product (GDP) grew 6.8 per cent in the three months to September, slowing slightly from the 6.9 per cent recorded in the second quarter as efforts to dampen the property sector and deleverage company debt filtered through to the real economy.

But there are no signs of a hard landing, as September data remained robust and well in line with the government's growth targets.

The spokesman of the National Bureau of Statistics Xing Zhihong said: "The national economy has maintained the momentum of stable and sound development in the first...

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