China's financial sector fuels Q3 growth, shrugging off stock rout

Beijing

CHINA's financial sector shrugged off a slumping stock market to underpin growth in the world's second-largest economy last quarter.

Financial services jumped 16.1 per cent in the three months through September from a year earlier, the National Bureau of Statistics said Tuesday. The industrial and construction sectors both expanded 5.8 per cent, weighing on the 6.9 per cent overall gross domestic product growth rate.