China reports "better than expected" economic growth

China’s economy is showing signs of stability after the nation’s government reported growth at an annual rate of 6.7 per cent in the last quarter.

The growth figure for the three months to September was in line with forecasts and at the same rate as the previous two quarters.

Read more: Chinese trade tumbles amid weak demand

The National Bureau of Statistics of China said: “The general performance was better than expected.”

Julian Evans-Pritchard of Capital Economics said in a report: “Economic activity seems to be holding up reasonably well, with few signs that a renewed slowdown is just around the corner.”

Read more: China hits out at "unfair" EU tariffs on Chinese steel imports

Last week the country reported its weakest trade figures for six months at a time of weak demand at home and abroad.

Both exports and imports dropped in the year to August, falling well below economists' expectations and proving the world's second largest economy is not immune from the global growth slowdown.

Full story: China reports "better than expected" economic growth: City A.M.

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