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China’s economy grew at 7.3 per cent in the third quarter

  • Author:tracy
  • Source:http://www.tigloncn.com
  • Release on :2014-11-16
China’s economy grew at 7.3 per cent in the third quarter, the weakest pace in five years.Chinese investment grew at its slowest pace in more than a decade in the first 10 months of the year, at the same time factory output missed expectations, increasing to pressure on authorities to adopt fresh measures to stimulate the economy.Fixed-asset investment grew 15.9 per cent in the year to October compared with a year earlier, the weakest pace since December 2001, dragged down by a slowdown in property investment amid a continuing decline in home sales.Advocates of the current light-touch approach say a gradual slowdown, especially in investment,is necessary and desirable in order to reduce industrial overcapacity and draw down unsold inventory in housing and basic commodity sectors.



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